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The most common business structures in the US are Sole Proprietorships, Partnerships, Corporations and Limited Liability Companies otherwise known as LLCs. Compare limited company bank accounts, and avoid unnecessary charges. Most of the high street banks offer 'free business banking' to new companies, for periods. Before you apply for a business bank account, you need to gather your business licenses and identification documents. Limited liability protection.

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All limited companies require a business bank account to be opened in the name of the business. This allows the business to make and receive payments in the. Limited companies are required to have a business bank account, as they are separate legal entities from the owner or directors. BUSINESS CHECKING ACCOUNT OPENING INFORMATION Thank you for choosing Chase for all your business needs. We want your new account opening.

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Well, the short answer is yes, you need a separate account. A limited company is classed as a separate entity, it is responsible for its own finances and. As a contractor operating under a limited company you will need to open a business bank account in order to get paid. Here are some points to consider when. Before you apply for a business bank account, you need to gather your business licenses and identification documents. Limited liability protection.