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Business strategy
Needs of Having a separate business Account for a company
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[QUOTE="Yugocean, post: 283687, member: 25081"] Are you trying for a startup? it seems you are planning, and sharing the ways you have draft plan. Good draft, but have to be amended as per other requirements. Like some refreshments (include the cost) for those authorities who will come to inspect.your records (😂). A company always have separate accounts for different requirements, also one cannot take risk of putting all things in one basket. There is also a need of emergency Fund, in case of any problem, that fund will be used in different cases. I will even advice to keep salary account separate too, that will be used to pay salaries to the employees. [/QUOTE]
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