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Company formation and bank accounts

Company formation and bank accounts

January 19th, 2012

If you want to start the company formation process, you’re going to need a business bank account to go with it. Even if you’re only going to be operating as a sole trader it’s still very useful to have a decided account to handle all business transactions and business transactions only. If everything that comes in is the result of an invoice and everything that goes out is a claimable business expense then your taxes will be a whole lot simpler to check at the end of the financial year. While we are company registration agents and not bankers, we do recommend HSBC’s business banking services and right now we’re making a fantastic offer to all our customers: open an HSBC business bank account when you apply for company formation and we’ll make sure you get a healthy sum of cash back. For those who choose our simplest company formation option, that means that our service comes free thanks to the good people at HSBC plus you get an extra £10 in your pocket if the account application is successful- the company’s very first profit!Like all good company registration agents, we offer a range of packages to suit different customers. Those who need more than just the basics will get £35 cash back when they successfully open an HSBC account with their formation. That means the final net cost of our E-Formation Plus package works out at less than £10- a very good deal however you look at it.

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