Page 133 - Winning The Credit Game Bundle (CK Patrick)

through the same bank as your personal accounts, that may not
always get you the best offer and all the features that would
benefit your business.
When deciding what bank to use, compare features like:

Any monthly fees these banks may levy on business
bank accounts.
Minimum balances that may need to be maintained to
avoid bank fees.
Interest rates you earn on money in your accounts.
Interest rates you pay on money owed on your
business credit card.
Any transaction fees or termination fees to end your
credit line.
Introductory offers such as offers of signup bonuses or
low interest rates.
Rewards programs such as business credit cards that
grant you points to buy things that are useful for your
industry. Some banks may offer credit cards that offer
specific types of rewards tailored to businesses in
specific industries.

Once you have selected the bank that you believe offers your
business the best deal, you will need to present the following
documentation to open an account in the name of your business
entity:

Your business’s EIN or other Tax Identification
Number.
Proof of incorporation if your business is, indeed, a
corporation.
Any business licenses or registrations required by
your city or state.
Proof of address for the address at which you plan to
receive bank correspondence about your business.

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