When you’re first starting up, you should immediately set up a checking account for your business. By doing so, you’re protecting yourself and your business. A separate business account will provide asset protection as well as corporate veil protection, as long as you’re paying your business expenses from your business account and your personal ones from your personal account.
Keeping these two accounts separate will also protect you from any run-ins. Open a business account simply for better management and your own sanity. It makes life easier and more organized, so at the end of the year you’re not going to go crazy having to separate everything.
#setupcompany
#registercompany
#incorporation
#accountingservices
#taxservices #auditservices
#SST #companysectaryservices #incorp #taxsearch
#bookkeeping #taxation #taxcompliance #accountingfirm
#businessaccountant #advisoryservices
#cloudaccounting #valuationservices
#payrollservices #bayabumiservices
#bayabumiaccountancyservices
