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Investors & landlords
What are you expecting to gain by using a business name? For starters, a "business account" with a bank generally is not free. For those that do offer "free business checking" it does not pay interest on the account. Just do what I did. I opened a physically separate personal checking account in my and my wife's name (since we both own the property) and all rental transactions run through that account. I don't have any of those bull crap limits on transactions or check fees. Heck, even my checks are free if I ever get to a point where I need to get more.
So I ask again, why do you want to use a business name? I see absolutely nothing advantageous to that.
‎April 11, 2020
8:54 AM