for ease of management it would be better to have it seperated from your personal accounts.
As far as I am aware, You don't need to set up an actual business account if you are only a sole trader. I think you would have higher bank charges by doing this and who needs that?
Exactly - I am a sole trader and I just opened an Ulster Bank personal account for my trading expenses. I'm operating under my own name (which incidentally is quite unique), so why spend money on business a/c fees, when a personal account is just as effective.
Until you register it with the CRO it's not a business name - it's just a name you made up.... I have a business name which I am going to register on CRO later today. ...
You can't, our upstanding legally compliant bankers frown on that kind of thing, it might get them in trouble...I am using one of my personal accounts solely for the business. My question is...how can i lodge the cheque? ...
Yes and probably many other random pieces of paper they think might be needed, especially if they suspect you don't have them.... Do I have to show the bank a certificate of registration from CRO?
I think you may be confused ( or i may be!!) . if you are operating as a sole trader then you dont need to go to the cro to open a bank account! You just need to go into you bank and tell them you want to open a bank account that is seperate to your personal account and call it e.g. mary foley business account ...rather than your standard home/current account.... in your last message you mention a company name..if indeed you have a company name ( then you probably have a company ie ltd ) in which case opening a bank account will be more work..getting memo and arts and proof of business address. etc
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