When starting a business do I get a business account 1st or should I get a limited company registered 1st?
(work is awaiting the outcome)
2007-04-17 21:17:23 · 4 answers · asked by Anonymous in Business & Finance ➔ Small Business
It depends on what you are going to do. You can run a successful business without either but I think it is a good idea to always have a business account so I suppose that would be the first thing to do. Once the business is running smoothly then you could form a limited company.
2007-04-17 21:28:03 · answer #1 · answered by Maid Angela 7 · 0⤊ 0⤋
You would have to register the limited company before you obtained the bank account because the bank would need to see the Company Registration document and the ID's of the Directors.
Do you have to operate through a limited company - its not always necessary and you could be a sole trader.
2007-04-18 04:24:58 · answer #2 · answered by fengirl2 7 · 0⤊ 0⤋
You need the limited company setup before you can get a bank account because the bank account will be in the limited company's name....and if the limited company doesn't exist, the bank won't have a name to put on the account!
2007-04-18 10:00:22 · answer #3 · answered by Clem 3 · 0⤊ 0⤋
Get the ltd company first as the bank will need these details to set the account up.
2007-04-18 04:29:44 · answer #4 · answered by Mark J 5 · 0⤊ 0⤋