If you have an LLC/Corp - You MUST have a separate business bank account!
In this short instructional video, the speaker outlines the specific documents banks typically require to open a business bank account for an LLC or corporation. First, banks need the Articles of Organization or Incorporation to prove the entity’s legal existence. Second, they require the Employer Identification Number (EIN) issued by the IRS, which can be obtained for free online after state approval. Third, banks may request the operating agreement for an LLC or the bylaws for a corporation, which set out the internal rules and governance of the business. Finally, a banking resolution may be needed, a formal document authorizing a designated individual to open and manage the account on behalf of the entity. The video ends with a prompt to follow the creator for more business tips.
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