Jon Kowieski for Brex

Do I need a business bank account for my LLC?

Starting a limited liability company (LLC) often raises questions about banking requirements that can leave new business owners confused. Many entrepreneurs assume that since their LLC provides liability protection, they can simply use their personal bank account for business transactions. This misconception can lead to serious legal and financial complications that could jeopardize everything you’ve worked to build.

After forming an LLC, it is important to open an account for your LLC by following the process and legal requirements set by banks. This includes providing your LLC's formation documents and designating authorized signers or members responsible for transactions.

The reality is more nuanced than a simple ye

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