Benefits Disadvantages Is dropshipping for you?


A sturdy financial foundation will protect your business and


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A sturdy financial foundation will protect your business and 
make selling easy. It takes some work upfront, and you’ll want to 
consult an attorney for most of these matters as well.
Here are some of the things you’ll need to do:
Open a business checking account
In most cases, you’ll want your business income to be separate from your personal 
income. This makes finances easier to manage, simplifies accounting, and affords 
you some extra protection.
Do some research
 to find a bank that offers a solid business account. It’s perfectly 
fine to use different banks for your personal and business income streams.


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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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