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How do I cash a check made out to my side business if I dont have a business bank account?
I just got my first client, I have not been able to afford to incorporate and will finally be able to once I deposit this check. The problem is it is made out in my company name and I don't have a business account. How can I get access to these funds?
You will have to either ask your client to re-write the check in your name or open a business checking account. You don't have to be a corporation to cash the check. You just have to go and get a dba at your local business tax office and take the dba to any bank. It can usually be accomplished with just a few hours of your time and about $50 (give or take). An hour for the business tax office, and an hour to open the account.
Also, if you can't afford to incorporate right now, buy the dba and list the type of entity as a "sole proprietor." You can change the status when you incorporate.
Hope this helps.
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