Hey everybody welcome to the $100 MBA show. This is a bonus episode and we're calling this Q&A weekends. We're answering

your questions. If you have a question you want to ask we can answer it on the air in these

bonus episodes. You can just send it at contact at 100 MBA.net and you'll get your

answer question. Answer question? You'll get your question answered. That's right. You get your

question answered. Today's question comes from Alex and Alex is actually a $100 MBA member and

Alex asks I'm thinking about opening a business bank account. Should I open my

business bank account with the same bank as my personal account or does that even matter?

Thanks to the question, Alex, and the short answer is it doesn't really matter, Alex, but it does make it more convenient to have your business account, your business bank account,

the same bank as your personal account.

If you ever want to review your statements online, it's a lot easier to just to sign into

one dashboard.

If you ever need to do transfers from your personal

account to your business account or vice versa, it's a lot easier and quicker.

You know, usually it's instant, you don't have to wait a day or two. So that's kind of the

short answer, but the general answer about opening up a business bank account.

This is quite important and it's especially important if you're not operating under your name.

Now, what does that mean? We're going to have an

episode about registering your business and should you register under your

name or do you have a business name or an LLC all that stuff? We're going to have an

episode in the future about that but the short

answer is you can operate as a sole proprietor that means you can operate as you're

the only person that's running the business you're the only involved and you can

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