An invitation to open your Relay bank account will be emailed to you shortly.
Limit Your Personal Liability
Creating a separate bank account for your company prevents you from “commingling” your assets, this is the act of mixing business and personal assets in the same account. This separation is key to maintaining limited liability. It is possible to lose liability protection if there is unity of interest.
Establish Business Credit
Having a business bank account is a crucial step in establishing and building business credit. Business credit bureaus collect information from your bank and report that information on your business credit report. It also allows you to maintain your business credit history separate from your personal credit history.
Enhance Credibility
Paying your contractors with a personal check or having your clients write a check to you as an individual can seem unprofessional when you’re running a small business. However, having a specialized corporate banking account that is distinct from your personal accounts demonstrates your professionalism.
Helpful tools for decision making.
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