What are the advantages of a business account?

Results 1 to 5 of 5
  1. #1
    Elite Matador member
    HialeahChico305's Avatar


    Join Date
    Aug 2007
    Gender
    Male
    Location
    down south
    Posts
    4,711
    Rep Points
    923083424

    What are the advantages of a business account?






    All I see is a whole bunch of extra charges and can't really grasp the advantage of such account. The only plus I see is that it gives more legitimacy to a business since a client can now make a check out to the companies name. Also its easier to keep track of expenses for tax purposes by having 2 separate accounts but is it really worth opening such account?
    Quote Originally Posted by KelJu View Post
    I dig their music. Mariachi is good, and flamenco is the shit, although flamenco is all over the place. I use to hate Mexicans until I left my hillbilly land, and was able to form my own opinions.

  2. #2
    Senior Member
    ELITE MEMBER
    ihateschoolmt's Avatar


    Join Date
    Aug 2004
    Gender
    Male
    Location
    North Carolina
    Posts
    5,632
    Rep Points
    138111922

    I have one and I don't pay a fee for it at all. I just opened one at Wakovia. And I just use it to keep my business money seperate and to cash checks made out to it.
    Last edited by ihateschoolmt; 04-07-2011 at 12:23 AM.

  3. #3
    Sancho
    Big Pimpin's Avatar


    Join Date
    Dec 2010
    Gender
    Male
    Location
    I ain't gonna work on Maggie's farm no more
    Posts
    5,587
    Rep Points
    1244396447

    Find a credit union as they are the small business man's best friend during these tough times.

  4. #4
    Is Doin It 4 Da Shorteez
    LAM's Avatar


    Join Date
    May 2002
    Gender
    Male
    Location
    Las Vegas & Florida & St. Croix
    Posts
    16,355
    Rep Points
    962148245

    Quote Originally Posted by HialeahChico305 View Post
    All I see is a whole bunch of extra charges and can't really grasp the advantage of such account. The only plus I see is that it gives more legitimacy to a business since a client can now make a check out to the companies name. Also its easier to keep track of expenses for tax purposes by having 2 separate accounts but is it really worth opening such account?
    there aren't any advantages....you need a business account when people give you checks with your company/business name on them vs your personal name. checks written to a business can not be deposited into a personal account.
    William F. Buckley describes a conservative as, "someone who stands athwart history, yelling Stop." - and then proceeds to drag civilization back to times best left in history's dungheap.

  5. #5
    Bohemian Extraordinaire
    ELITE MEMBER
    maniclion's Avatar


    Join Date
    Aug 2003
    Gender
    Male
    Location
    Mēns Incognita
    Posts
    27,159
    Rep Points
    982543932






    Quote Originally Posted by HialeahChico305 View Post
    All I see is a whole bunch of extra charges and can't really grasp the advantage of such account. The only plus I see is that it gives more legitimacy to a business since a client can now make a check out to the companies name. Also its easier to keep track of expenses for tax purposes by having 2 separate accounts but is it really worth opening such account?
    In some instances you can use it and your Tax license to prove you're illegible for Wholesale pricing or to get to go to Sam's Club earlier and use the Business checkout while everyone else has to wait in the long lines, thats what I use mine for mostly....also if you plan on getting a loan and such I could see it being beneficial....
    Coarse edged youth, the irish pendants string from their smiles
    not yet plucked as to slacken the seams
    and drag down the features of age,
    no folds or creases from unkempt wear
    eyes of tranquilty, crystalline-beads
    no sign of despair in their hair, nor their hearts
    but oh they have yet to be experienced and that makes aging so very worth it...ML circa2012

Similar Threads

  1. What Specific Advantages Can I Get from Paleo Diet?
    By ChrisSmithWebGuy in forum Diet & Nutrition
    Replies: 18
    Last Post: 03-20-2011, 01:56 AM
  2. advantages of winstrol
    By premo in forum Anabolic Zone
    Replies: 32
    Last Post: 07-14-2010, 04:25 PM
  3. What would be the advantages of inject creatine
    By Supermans Daddy in forum Anabolic Zone
    Replies: 16
    Last Post: 04-29-2010, 09:31 PM
  4. Replies: 3
    Last Post: 05-15-2009, 07:01 AM
  5. Advantages/Disadvantages to whole body W/O's
    By SKINSFAN in forum Training
    Replies: 2
    Last Post: 01-26-2002, 03:33 PM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
-->