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Open a separate checking account for your business.

| August 29, 2012

If you are the sole owner of the business, open an additional personal account and save yourself the extra fees associated with business accounts. Deposit your settlement checks in this account and pay yourself for driving from these funds. A separate account will also give you easy access to all of the information needed in case you are ever audited. strives to maintain an open forum for reader opinions. Click here to read our comment policy.