Do I need a separate business bank account?

Chris Andreou

March 19, 2022

Do I need a separate business bank account? Guide
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Business Resources

If you’re running a limited company, you’ll need a separate business bank account as the company is its own legal entity, and its finances must be kept separate from the business owner or director.

While you’re not legally required to have a business bank account as a sole trader, there are benefits to doing so. For instance, it enables you to keep your business finances separate, and your business accounting records organised.


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