2007-05-10 11:09:36 · 4 answers · asked by sirmack532 1 in Business & Finance ➔ Investing
If you want to learn all about business banking account, please go to www.businesbanking.info/business-banking-account.
2007-05-13 15:59:01 · answer #1 · answered by scriptillusion 1 · 0⤊ 0⤋
Makes the accounting side of running a business cleaner. If you're a sole proprietorship it helps make things easier during tax time. You should never deposit company revenue in a personal bank account. Trying to prove a deposit was a gift instead of revenue is a pain if you deposit your funds this way.
The only con is the cost of the account, but lots of banks now-a-days waive fees for business checking if you have a personal account with them.
2007-05-10 18:15:41 · answer #2 · answered by CogWork 2 · 0⤊ 0⤋
The pros are: you have to have money to operate a business. A bank is a safe place to keep the money. There are no cons.
2007-05-10 18:14:01 · answer #3 · answered by regerugged 7 · 0⤊ 0⤋
No cons. All pros.
2007-05-10 19:00:53 · answer #4 · answered by Michael B 5 · 0⤊ 0⤋