What It's About
It seemed like an easy task: to open a business bank account.
Notes from Chris
Episode 2121
When it comes to money recommendations, I recommend you do a couple things. Don’t forget to set aside money for taxes, for example. What else? Oh, keep your business finances separate from your personal accounts! So how do you do that? Well, ideally you need a separate bank account. This isn’t usually that hard and it should be free or close to free. There also isn’t usually much red tape or hoop-jumping you need to do to open this account at most banks or credit unions. But a listener has encountered a problem—their bank won’t let them!“I thought it would be a good idea to have a separate business account for my side hustle, but I ran into a problem when I went to the bank. After waiting nearly an hour to talk to someone, they said that I didn't qualify because my business wasn't registered properly. I thought you don't need a license for most simple businesses like mine! Now I'm annoyed at the bank but also a little worried that I've been doing something wrong. Have you heard of this happening before? ”Listen to today's episode to learn more...
SEE ALSO:
- Catholic Designer Creates Stylish Apparel Line: What shall it profit a man to gain the whole world but not sell any t-shirts? This designer cast his bread upon the waters and ended up with a profitable fashion line.
- Seattle Couple Creates New “Income LiveStream”: When a married couple runs into logistical problems at their wedding, it leads to an innovative service that other engaged couples need during the pandemic.
- Role-Playing Pastor Rolls The Dice On $2800/Month Hustle: Listener success story! This Presbyterian minister turns to his lifelong interest in role-playing games to set up a sustainable second income source.
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