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Monthly Archives: July 2021
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If you are looking to start a new business, it’s important to get the right basics. First, you need to register your business name, choose a business structure, and secure funding.
Another significant aspect is opening a dedicated business account. This account is used to do most of your business transactions.
Here, we'll take you through everything to know how to set up your business account in the UK.
What is a business bank account?
In different ways, a business bank account is similar to a regular personal account, only in your business' name. These accounts are generally available to sole merchants, partnerships, organizations, clubs, societies, and charities.
The business bank account will be used for all your business's financial transactions, from paying staff to taking payments for products and services. Business bank accounts also generally have special rates and f