I just formed my entity

[David Lichtenstadter]

Hello my BP members, so I just formed my entity working under a investor and in the future invest myself using this business entity, so here is my question, if anyone could please chime in that would be really appreciated, do I need to open business bank account or could I just link my personal bank account to this entity ? And secondly if I do need to open a business bank account would you guys recommend a big national bank or a small local bank to be able to build credit/mortgage/portfolio lending/line of credit ? And thirdly does anyone have any recommendations for a national or private bank in Hudson County NJ ? Any additional information/advice would be well appreciated. Thanks David I'll add some keywords for the locals to chime in, Jersey city Union City Hoboken Bayonne West New York North Bergen Guttenburg

[Account Closed]

David:

This is not an option.

The legal entity is not you.  It is totally separate.  You wouldn't have General Electric using your personal bank account.

Start thinking this way right now.  Your legal entity is the same as your cousin.  It is not you.

Everything is separate.  You don't get to decide.  Keep it separate.

It will offer you great protection against personal liability, and great tax advantages, but you have to do it right.

Good Luck.

Michael Lantrip