1 / 1

Need For A Business Bank Account

Download Presentation

Need For A Business Bank Account

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript


  1. Need For  A Business Bank Account  An entrepreneur has to keep a track of finances for effective management of his business. Thus, having a separate business account is necessary. 01 A business bank account statement is asked for by financial institutions while granting business loans. The statement reflects health of a business.   02 Keeping a separate account for all business transactions will help business owner in  keeping a clear financial record. 03 Mixing of personal and business finances can cause confusion during an audit conducted  by IRS. Incorporated businesses require a separate business bank account as per the requirement of Internal Revenue Services. 04 FirstConvenienceBank www.1stnb.com Banking services are extended throughout Texas, New Mexico & Arizona Image Source: Designed by Freepik All loans and collateral subject to approval First National Bank Texas | NMLS  #402924 | Member FDIC | Equal Housing Lender

More Related