Is it required to file the actual paperwork to start a business to be able to open a business bank account.
Do banks actually verify that the name of the business you are using to open the account actually exists and/or is registered to you?
2007-01-07 14:09:56 · 3 answers · asked by sammy 1 in Business & Finance ➔ Small Business
As far as I know in the state I am in, Banks don't require proof of the business, but why would you be willing to pay for a business account and the added expenses? You may start a business and name it anything you want, but if you are thinking of using a business name to do something illegal or deceptive, I feel you should forget it. There are laws and regulations regarding business and this also may vary for different states. Consult a CPA for valid information.
2007-01-07 14:18:54 · answer #1 · answered by Jan C 7 · 0⤊ 0⤋
Yes. I had to register a trade name with my town.
2007-01-07 22:18:16 · answer #2 · answered by pinwheelbandit 5 · 0⤊ 0⤋
No.
2007-01-07 22:13:15 · answer #3 · answered by Anpadh 6 · 0⤊ 0⤋