Congratulations on registering your sole trader business. Your next step is to open a bank account so that you keep business proceeds separately from your personal account.
The Banks generally request the following documents ;
Two valid forms of Government issued,photo identification ,as proof of identification;
A Utility bill ,as proof of address;
Certificate of Registration for your business;
Cash Flow projections for the next 3 years (if the business is registered for less than 1 year) or;
Management Accounts for the last 3 years ;
Some banks request a Business Stamp ;
The Bank may also advise of additional documents such as FIU Registration Certificate.
Take the original copies of these documents to the bank and they will make the relevant copies .Further some banks ask for the business stamp.
For any further assistance on preparing Cash Flow Projections ,please call Sydney 868 373-1166
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About the Author.
The author is an Attorney at Law with a specialized practice in Financial Crimes and Commercial Law. She is a Certified Anti Money Laundering and Financial Crimes Specialist.
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