Where to hold funds

[Jason King]

Good Morning Fellow BP'ers,

Quick question to those of you reading.  My partner and I are in the process of starting an investing venture together, specifically focused on rehabs.  My partner is withdrawing some cash from his retirement to get us going, and we are trying to figure out if there is anyone in specific we should (or shouldn't) hold the funds, and if there is anything we need to pay special attention to.  We are currently planning to open a small business checking account so that we can keep all of the transactions separate.  Are there any specific fees/restrictions we should pay special attention to when comparing banks?  Also, we have not decided on what our business structure will be, so should we wait until after we consult with a lawyer?  I am not sure if different business structures have different banking requirements.  Any input is appreciated!