Getting that Money. Bank Account Battles!

So it was that time to open our business checking and savings account. Excited step for us YES, but it had its problems. Remember when we mentioned making sure you have a hand ready for your legal team, yeah this was one reason that was said. Of course we are suppose to receive all legal documents in a reasonable time frame, but didn't happen.

Of course I emailed the banker asking what we needed before showing up and that didn't happen either. It took us about two weeks to completely finish this task, but well worth it since now its official, we are a business to be reckoned with.

Here is a few things we learned from the experience and what we made sure to occur for ourselves

1. If there are multiple partners try to choose a bank no parties have an association with to keep things fair
2. Make sure you all have government documentation ready
3. Make sure to have your company tax ID number with you in order to open a business account
4. Do know, all parties that will have their name on the business account must be present when doing this task
5. Have one banker handle everything, maintaining that relationship keeps you from repeating yourself to different bankers
6. Make sure there is online banking available. We joined Wells Fargo because we could do everything from check our balance to pay employees right from our account, plus none of the partners have them as a personal bank
7. You should open a savings just to start building security funding for rainy days
8. Have at least $200 ready to deposit in the bank so you could activate the account 

NOW MAKE THAT MONEY HONEY!