While it may be tempting to start your
new business venture without looking at the need for a bank account dedicated
to your business activity, this might not be the smartest of choices. As your
business grows and expands, it’s extremely important to separate your business
finances from your personal, day-to-day living.
If you are operating as a limited company, then you have to set up a business bank account so you can get paid. A limited company is a separate legal entity from its directors and shareholders, and so the company’s money needs to be traceable throughout every stage of any financial transaction, and so it has to be clearly separated from your own personal finances and those of any other directors you might have.
Most successful Sole Traders know that having a dedicated bank account will also make your business appear more professional – you can use a ‘trading as’ (t/a) name, so that all payments are made to a business name rather than your personal name.
We are partnered with a number of major high street, private and investment banks. Offering bank accounts to a multitude of different businesses.
Our service includes initial consultation prior to final bank choice, including the preparation of documents and the processing of your application. Submission to the bank and ongoing consultation during the account opening procedure.
Based on a history of success, a good proportion of our business is received from client referrals or from requests from other professional service providers, including law firms and accountants.
PayGlobal provide a personalised service with local knowledge and access to specialist products and services that can help you control your cash flow and develop your business for the future.
Our service is comprehensive and whilst often linked to the formation of a Limited Company, we are able to arrange business accounts for any type of organisation.