Do I need to open a business bank account?


Nick Bendel
Nov 3, 2017( 1 min read )

For tax purposes, you need a business bank account if your business operates as a partnership, company or trust.

You don’t need a business bank account if you operate as a sole trader – you can just use your personal bank account. That said, you might want to open a business account so that you can separate your business affairs from your personal affairs.


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