Do I really need a business bank account?

jonesMUFCforever

Dird wrote: »

I'd just use your 2nd personal account (solely for business expenses/payment etc) and see if the bank notices

OP has a limited company - a totally different legal entity - and you advise to use a second personal account and see if the bank notices - gee wizz!:eek:

Skools_Out

You've obviously looked into this already and, depite using a personal account for business being againt the terms and conditions you agreed to abide by, believe the bank won't notice anyway.

All you need to do now is close the newly formed limited company too. You won't be needing that either.
That'll save you the annual return fee as well as the time/cost of preparing company accounts to submit and all the other obligations that come with it.

Problem sorted!

agrinnall

Skools_Out wrote: »

You've obviously looked into this already and, depite using a personal account for business being againt the terms and conditions you agreed to abide by, believe the bank won't notice anyway.

All you need to do now is close the newly formed limited company too. You won't be needing that either.
That'll save you the annual return fee as well as the time/cost of preparing company accounts to submit and all the other obligations that come with it.

Problem sorted!

Nurse! More drugs! Or perhaps less drugs in this case.