While your business may just be getting off the ground, it’s important to establish sound business practices from the get-go. Managing your finances in a business-like manner from the start can save you time and prevent headaches as your business grows. One way successful entrepreneurs do this is by opening a business bank account when your business launches.
Even for a sole proprietor who isn’t legally required to create a separate bank account for their business, creating it can still work wonders and give you that peace of mind knowing that your business records are always clean and accurate.
Here are five reasons why a business bank account provides a strong foundation to a business.