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Once you’ve formed a limited company the next step is for you to open a business bank account. It is very important to choose the right type of account for your requirements. Opening a business account should be an easy and hassle free experience.
Below are some of the most common questions we are asked by limited company contractors regarding business bank accounts:
Your limited company is a separate legal entity from you as an individual. Business income and expenditure should be kept separate from your personal account. Your business account is where your business income should be paid into.
If you would like to speak to one of our experience new business consultants, please call us on 0161 923 0201 and press option 1 and then option 1 again