How Do I Sign Louisiana Banking Document

How do i industry sign banking louisiana document fast

hey it's ty Crandall with credit suite and in this video I just want to talk through the steps and what you need to know to get an initial business bank account kind of set up and going and why you should care so look it's essential to the business under separate personal and business banking okay it's really needed if you're gonna run any kind of successful business and of course one of the main financial instruments to do that or tools is a business bank account now if you have a business bank account there's a lot of things you get benefit wise that maintain accurate records right you help you prepare reports easily for the business easy to make withdrawals deposits for the business make wire transfers issue checks a lot more I mean if you're gonna run a business having a business bank accounts really one of the first actions you take when you're seriously ready to start accepting income and also lessens headaches and liabilities because it basically is keeping your business revenue and expenses separate from personal and that's a really big deal your accountants gonna love you for that because you need to separate these liabilities and it's easy to do so when they're going through separate bank account so it also keeps you from accidentally commingling funds it also gives you the benefit to accept credit cards accept debit cards if you're going to accept credit cards and debit cards you need a place for that money to go and all the statistics show that people are significantly more likely to buy if they have the ability to do so using credit cards so again the nice thing here is it a bank account allows you the ability to accept those and have those funds going into your actual bank account so it makes it easy to accept more types of payments and get more sales now a lot of benefits here are business accounts have more lenient fees so for example fees can ease sometimes be waived with online banking you're in the reason is they just make more money on these accounts you know businesses run a lot more money through the account than individuals do so a lot of the banks are more lenient with their fees and other things just because they want you to use them for your banking your business banking relationship can also help you secure bank loans right by having relationships with your banker then there is loans they can give you there's a lot of services so for example if you you know we had one time where the banks changed the handle our credit cards we lost our merchant account we went to our banker and within days we had a new merchant account set up to our bank so again there's so many benefits that they can help you with once that relationships initially established now how you handle your business bank accounts information for a possible lender as well so just by having money going through your business bank account it opens up a lot of different fun big options how you manage that bank account will then give you the ability to get all different kinds of financing so for example we have credit lines that you can get that don't even require credit checks that are just looking at how you manage your bank account if you manage your bank account responsibly you can get a really low interest rate credit line as a result so setting up a business bank accounts really one of the first things your business should do okay this is actually the order the very first thing you want to do when you set up a business to set up the entity itself such as an LLC or a corporation the next thing you're going to do is get your free ein number from the IRS that comes directly from irs.gov and the third thing you do is you take the corporation papers you got from setting up the entity you take the ein paperwork you got from setting up the ein and you go in and you set up the business bank account I didn't experiment once on these three steps and in less than an hour I was able to do all three a that includes the time to drive to my bank sit with my banker and actually set up the business bank account so literally if you have the business name picked out you've done the research you know that that's the name that you want it's fairly easy and quick to go through this process like I said in less than an hour you can make it through all the steps and you also should know that your bank accounts start dates an important day because for lenders sometimes it defines the date that you started the business okay so it's essential to set up a business bank account quickly because again you know the time the length of time you've had that bank account helps you in a lot of different ways if there's an ownership change on your business let's say you bought the business from somebody else you sell the business if there's an ownership change then ultimately what happens is credit issuers and lenders are nervous that you're buying these bogus shelf corporations and so then they automatically revert to bank account start date to determine how long your bank or how long your business has been open the other thing is you have a secret bank credit score that most people don't know about it's called your bank rating and this is how the how that basically judges how much money you're able to get from the banking system if you ever want to walk in your bank and get a loan or a credit card for example and how long you've had your bank account open is one of those factors into that bank rating so another reason that you want to make sure that you set up that bank account as early as possible so if you like to open there's more give us a ring eight seven seven six hundred two four eight seven or send us an email info at credit suite com here at credit suite we help you get money for your business by improving your fund ability by basically making you more lendable by helping you build business credit for your EIN that's not linked to your personal social security number that's credit you can get without a guarantee or a credit check and we also help you with all different aspects of loans and credit lines we basically help you get the money you need to fund your business okay now you feel free to check out our website credit suite calm at the top right you can follow us on social media we've got hundreds of videos on YouTube you go live on Facebook and answer questions in real time we release multiple podcasts you can listen on the go and again let us know what we can do to help because we are here to help you get money to grow your business so visit credit suite com to learn more and let us know what we can do to help you get the money that you need to grow your successful company