Question by mortician: What steps do I need to take to set up a business bank account?
I don’t want the money I earn from my online business to mix with my personal bank account. Isn’t there a business type account I can get? Do I have to pay extra fees? I use compass bank in Florida. I know I should be asking them but I just want to see if I can get feedback by people who have done it.
Answer by littleflower
1) go to local business office to register your business name
2) then you either, get a tax id for your business,
or open the account in the business name, but still using your ssn. which defeat the purpose.
this all depends on if you want to file your business tax separatly from your own income tax.
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