Bank Accounts
Do I need to open a new bank account once I'm incorporated?
It is important to open a new bank account for your company. Do not combine personal funds with company funds. You should operate your corporation as a separate entity distinct from yourself in every respect. By using the same bank account for personal and corporate purposes, you allow creditors to challenge the validity of your corporation and attack your personal assets.
Finding a good bank in these times of virtual banking and drifting away from personalized banking is no easy task. It is important to establish a good banking relationship with a bank that will make your life easy, not difficult. At IncorpDirect, we have several relationships with banks that we know offer excellent service and flexibility. Remember, it is who you know and finding the right branch that is important. Choosing a branch at random can be a risky choice.
Let us provide you with an introduction.
** Plus applicable taxes
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