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Or must I be a registered established LLC or have a DBA registration?
I have recently become a consultant and trying to decide what the best course of action is. At this point, my income and liability are limited so it seems to make most sense to be a sole proprietor vs. establishing a DBA or LLC. That being said, even as sole proprietor I would like to have a separate account for my consultant income. What is the best type of account for me to open?
Sarah, Portland, Maine
April 9, 2015 02:55:04 PM
In reply to Sarah, Portland, Maine
Thank you for joining us on TD Helps, Sarah, and for considering us for your banking needs!
As a sole proprietor, you're welcome to start a business account, and any authorized additional signers must be present at the time of opening. We encourage you to check out http://bit.ly/UZ0szM under "Compare Accounts" for information on the different types of Small Business Checking Accounts TD Bank offers. If you need help, we can also provide a customized recommendation with our Checking Account Selector, please check out: http://bit.ly/1lGeYmw, and here: http://bit.ly/TwB3wL for the information about our available Business Savings account. Please feel free to also visit here http://bit.ly/1hvUVaO for information our Business Money Market account products also if you're interested in an interest-bearing account with the ability to write checks. If you choose to open a Small Business account with us, you may do so by visiting your local TD Bank for assistance. To help find a TD Store near you, please visit http://bit.ly/TDStores.
We suggest reaching out to our Business Banking Specialists 24/7 at 855-278-8988 or check out: http://bit.ly/K9iZ78 to request a call from our Small Business Banking Specialists who can help set you up with an appointment. Upon speaking with you about the details of your desired account and business type, one of our Business Banking Specialists will be able to assist you with the type of paperwork necessary to open the account you choose. You may also take a look here http://1.usa.gov/1tKgTKI for more information about setting up your business using your Social Security number, and as a sole proprietor of your business.
For your business account, it can be opened at any TD Bank Store. When visiting a Store, you will also need to bring the Tax Identification number for the business, the legal name, and physical address. Also, please note that depending on the type of business you have, there may be additional documents you will need to bring with you. We'd recommend that you discuss this prior to stopping in at a Store, either by speaking with one of our Business Specialists as mentioned above or by contacting your preferred location. The telephone numbers for our Stores are listed at our Location Finder as posted above.
When you have time, feel free to stop by and take advantage of our Business Resource Center found here: http://bit.ly/1k5RiNG. We hope you'll find some helpful tips and tools for starting your business.
We hope this helps, Sarah, and have a lovely day.
Justin B, Mount Laurel
April 9, 2015 02:56:20 PM