Partners in Business tip: Open a separate checking account for your business

Updated May 19, 2021
The Partners in Business program is sponsored by TBS Factoring.The Partners in Business program is sponsored by TBS Factoring.

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.

The Partners in Business program is produced by Overdrive and the consultants at ATBS, the nation’s largest owner-operator business services firm. The program is sponsored by TBS Factoring Service.

Click here to see more Partners in Business tips.

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