If you decide to set up your own limited company then you’ll need a business bank account to separate your personal and business finances . It may sound like a lot of hassle but our quick guide shows you what you need to do.
Opening a Limited Company bank account is easy:
- Shop around for your bank account – don’t just take the convenient route and go with the your current bank as this may not be the best deal.
- Look for banks with a strong reputation to ensure that your money is safe.
- Pay attention to account interest rates as these can hugely vary.
- Go for a bank that has a specialised small business unit. The set up process is likely to be simpler and more informative.
- Check to see if your bank has online banking and if it’s easy to use.
- Set up a business account.
You will need:
- Your Certificate of Incorporation with limited company name and number.
- Your passport and/or driving license to prove your identity
- Recent utility bills and bank statements
Photo by gordasm
