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!
You have to ask your bank. Some banks will do it and others won’t.