Originally Posted by
bta15
I've seen discussion lately in a couple groups that I'm in of shutdowns. Apparently banks will shutdown personal accounts if there is too much business like activity. Best bet is to open a biz checking account and use that for check deposits and payment services (venmo, PP, ca, etc)
Interesting.
I don't have an actual "business" to open a business account.
How do ppl here open biz banking acct? are there legal or IRS ramifications with opening a biz account?