SB bank account protocol
I've had a small side business with a bank account for about seven years. (We're in Florida and use Truist--no issues, great experience.) It's only for depositing payments by check and Venmo transfer. Really small stuff, about 4-5 one-off jobs a year.
I've just closed that business and dissolved the LLC. (My partner and I both got great full-time jobs, and it was a really natural thing.)
However, I am about to start another side endeavor that will probably bring in some money and have expenses, and I want to keep that separate from my personal finances.
Is it best to:
- Close the existing business bank account (as planned) and open a different account for this new endeavor
or
- Is it possible to keep using the existing account?
I'm strongly suspecting #, and I have an appointment set up at the bank for tomorrow, but thought I would ask for experience and perspectives. I'm not lazy, haha, but I hate reinventing the wheel if it's not necessary.
Thank you.