Business bank account as a small business

Do I need to open a business bank account or can I simply use my personal current account for my small business?

If you are a sole trader, you may keep a current account in your name for your business, but it is advisable to have a separate business account so that you can differentiate your personal and your business expenditure.

If you set up a limited company you must definitely have a separate business account because as a Director of a limited company you are formerly an employee and have responsibilities about the way you spend the company’s money.


Related Topics

Business Bank Accounts

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