Open a business bank account

Stage 1: Lay the foundation. Step 4 of 24 in the new LLC launch playbook. Your LLC only protects your personal assets if you treat it as a separate business. Mixing personal and business money is the fastest way to weaken that protection. Key points: - Bring your EIN letter, formation documents, operating agreement and photo ID. - Open a checking account for daily use. Add a savings account to set money aside for taxes. - Pay every business expense from this account, and never pay personal bills from it. - Ask about a business debit or credit card so purchases stay separate too. Bring: EIN, formation docs, ID.

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