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Business bank account hassles when transitioning to an LLC?

    • 99 posts
    March 2, 2007 8:53 AM EST
    Scott,

    After you form your LLC, you`ll receive a certificate of formation (or similar designation in NH).  Once you receive that, in addition to your EIN#, you would then go into a bank with those documents to open your account.

    ---

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    • 154 posts
    March 2, 2007 9:00 AM EST

    I agree with above:

    1- get mailbox (for a registered agent)

    2- get LLC

    3- get EIN

    4- get business bank account

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    Travis Tschepen
    Hibachi Bros. LLC

    --My goal in life is to be as good of a person my dog already thinks I am.--

    • 2 posts
    March 2, 2007 6:54 AM EST
    Hi all,

    I`m in the process of preparing my sole proprietorship business to incorporate as an LLC in NH. I also have yet to create a business bank account, which I`ll need to do in the next couple of months.

    I`m wondering whether it would be better for me to create the bank account first as a sole proprietorship and then incorporate as an LLC, or incorporate first and then set up the bank account? Maybe it doesn`t matter either way, but I`d like to minimize hassles with paperwork and expense if possible.

    Thanks,

    Scott
    • 2 posts
    March 2, 2007 10:13 AM EST
    Thanks for the replies - it looks like there`s a strong consensus in incorporating first. I will make that my next step, then.

    Regards,

    Scott