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Bookmark or Share- 5 Ways to Separate Your Personal and Business FinancesHere are five ways to separate your personal and business finances. Open a small business bank account – To keep personal funds and business funds completely separate you must have two different bank accounts. On personal checking account and the other a small business checking account. This sets you up for clean and accurate bookkeeping so ...
- Open a business bank account - Small Business AdministrationOpen a business account when you're ready to start accepting or spending money as your business. A business bank account helps you stay legally compliant and protected. It also provides benefits to your customers and employees.
- Launch your business | U.S. Small Business Administration10 steps to start your business; Plan your business. Market research and competitive analysis; Write your business plan; Calculate your startup costs; Establish business credit; Fund your business; Buy an existing business or franchise; Launch your business. Pick your business location; Choose a business structure; Choose your business name ...
- Get federal and state tax ID numbers - Small Business AdministrationYou need it to pay federal taxes, hire employees, open a bank account, and apply for business licenses and permits. It's free to apply for an EIN, and you should do it right after you register your business .
- Apply for licenses and permits - Small Business AdministrationBusiness activities regulated by a federal agency will need a federal license or permit. Check to see if any of your business activities are listed here. If they are, then check with the right federal agency to see how to apply.
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