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Can I setup the bank account for my sole proprietorship just like I would a personal account?
Published May 26, 2011
Question by steven: Can I setup the bank account for my sole proprietorship just like I would a personal account?
A company that I’m planning to contract with as a consultant wants me to setup a separate bank account for business. Can I setup the bank account for my sole proprietorship just like I would a personal account? Do I need to use different account forms or use a different account type?
Best answer:
Answer by Sharp Marble
You will have to check with your bank. You can get a businss bank account. As long as your business name is your name you will be fine. Your tax ID will be your SSN if you do it this way.
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Posted in Music Contract Information | Tagged account, Bank, just, like, personal, proprietorship, Setup, sole, would