Business Current Account

Creating your business bank account

Before trading, you must prepare properly. Once your limited company has been set up, it’s extremely tempting to begin trading immediately but it’s essential to have all appropriate financial preparations in place beforehand.

With regard to a limited company, you’re legally obliged to create a company-owned bank account. Whether you’re both the sole director and shareholder, you still have to create a business bank account with no exceptions.

Once registered, your limited company exists as an entirely separate legal entity from yourself. Because of this, it has its own legal obligations with any profits or losses solely belonging to the company as opposed to you personally.

It’s important to remember that a company bank account should not be treated like a personal account. Keep your personal and business finances separate and make sure to keep up-to-date records of everything.

We have partnered up with the following Banks who can assist with setting up a Current Business Account:

Our Packages

Bespoke Packages start from £95 per month plus VAT.

Tax Investigation Protection is included in our Prime and Prestige packages.
Please click here for more information on our Tax Investigation Protection service.

Click here to view all our packages.

FreeAgent, cloud accounting software for small businesses and freelancers

At Global Accountancy and Taxation, we’ve chosen FreeAgent as our preferred accounting software for our small business, freelance and contractor clients.

Easy-to-use accounting software

Designed specifically for small businesses and freelancers FreeAgent makes it simple to stay on top of your day-to-day bookkeeping. At the same time working alongside our team of qualified accountants at Global Accountancy and Taxation ensures you receive the best tax planning and business advice.

Click here for more information.

  • logo1
  • logo2
  • logo3
  • logo4
  • logo5
  • logo6

ONLINE ENQUIRY FORM

SOLE TRADER ENQUIRY FORM

BARCLAYS – REQUEST A CALL BACK

METRO BANK – REQUEST A CALL BACK

CASHPLUS – REQUEST A CALLBACK