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Open up a Business Bank Account

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<!-- Ezoic Code -->  <script>var ezoicId = 215821;</script>  <script type="text/javascript" src="//go.ezoic.net/ezoic/ezoic.js"></script> <!-- Ezoic Code -->     Accounting requires good record keeping and a documented flow of funds in and out of your organization. So setting up a business account is a first step towards a hassle-free accounting for your small business.   It makes it statistically easier to keep track of your business expenses and if you're a business institution other than a Sole trader, you're also legally required to have business dedicated bank account.   Before going to the bank to set up your account, make sure to have the following required documents; • Companies House Registration number (for limited companies or partnerships) •  Business address, including postcode, contact details ( mobile number, email address, landline number) •  Have an estimate of your turnover •  Personal det...
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Register The Business

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<!-- Ezoic Code --> <script>var ezoicId = 215821;</script> <script type="text/javascript" src="//go.ezoic.net/ezoic/ezoic.js"></script> <!-- Ezoic Code --> Will you be a sole business trader or a share limited company?   When unveiling your new business, you can start as a Sole Trader or a Share Company.   In some countries like in the UK, if you start a business without registering it with Companies house, that business will be taken as a Sole Trader by default.   As a Sole Trader, there's a very little space between you the business owner and the business itself. Any business debts becomes your debts and your personal asset including your house are not under protection.   Registering a Share Limited Company has a lot of benefits and one primary benefit that is worth considering, the business is its own legal institution, so as a shareholder you have little or limited liability.   This allows you to limit personal respons...
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