I got my first business check for my services. I had a checking account when I got married so I kept that account to use for business expenses. This account is not in my business name. The check is written to the business. Can I deposit this check in my account, and if so how do I endorse the check with my signature or with some other writing on the back?
If your business is a separate entity (corporation, LLC, etc) then you need to open a checking account under that name and deposit the check in the new account. Do not "co-mingle" personal funds with the company`s.
If your business is a sole proprietorship, just take a copy of your business license down to your local bank and you should be able to deposit it. Although, I would consider opening a seperate account. -------------------------
Rich Coppage
Homecoast Capital, LLC
Office (800) 763-3021 ext 162
Direct (480) 636-0314
Fax (602) 532-7863
rcoppage@homecoastcapital.com
www.homecoastcapital.com