Personal vs. Business Checking Account help!!!!!!!!
Hello BP'ers:
I am in the process of starting out as a wholesaler. While I haven't completed my first deal yet, I want to start to set different things up that are associated with my business. I know that I need to keep my personal finances separated from any income generated through REI. If for no other reason besides clarity, I understand that it is better to see money coming in (hopefully!) and going out if I keep the accounts separated. My question is......being as though my business is in its infancy stage right now, is it necessary for me to have a BUSINESS checking account, or will a PERSONAL checking (separate from my regular bank account) be sufficient for now?
Thanks!
-Ben Ellis