looking to open a sole trader business account

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wayne.b

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Post by wayne.b » Mon Apr 28, 2008 2:09 pm
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hi im looking to open a sole trader business account, I am in an iva (3rd y) i have looked at some websites that charge up tp £170, is this the only way i can open an account if i am in an iva?
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MelanieGiles

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Post by MelanieGiles » Mon Apr 28, 2008 9:01 pm
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Hi Wayne and welcome to the forum

Do you really need a business account? Or would a second account with your bank which is just used for the business suffice?

Have you recently changed from paid employment to self-employed?
Regards, Melanie Giles, Insolvency Practitioner
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jpj

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Post by jpj » Mon Apr 28, 2008 9:36 pm
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I think it always depends on cheques! If you can trade and get cheques made out to you personally its fine, but banks wont let you put cheques made out to a business name through a personal account.. even if you prove you are the owner.
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