I’m self employed, I have a business checking account that I’ve had for a couple years. I’ve only used the account to accept loan funds 2 years ago or so, no other transactions, I haven’t used the account for 2 years. Now I’m looking to form an LLC as a single member. Is it recommended to create a new bank account after the LLC is formed or would it not really matter since I’m forming a single member LLC and I will be filing my taxes as a disregarded entity anyways? The funds will still be separate from my personal banking account so I think it’s fine. Just would like to hear from those who know better. Thanks!
The fastest way to lose protections is to Pierce the corporate veil.
depends on who the previous account belongs to