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Don’t forget to look at online banks. An online checking
account may come with
lower fees, but there could also be some limitations. Whether you choose an online
bank or not, make sure the bank you’re dealing with is reputable and FDIC insured.
Even if you’re not expecting to pull in high volume sales, a
business checking account is still nice to have. Separating your
income streams will save you countless headaches, and your CPA
will thank you once tax time rolls around.
Get a business credit card
For business-related purchases, a dedicated credit card is a necessity whether
you’re buying inventory or charging a business expense. Just like you should have
a checking
account for business only, you should have a credit card that is solely
used for business.
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Your business credit card will mostly be used to order from
suppliers. There are other ways to pay, but a credit card is one of
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