Business bank account hassles when transitioning to an LLC?

scottcl

Hi all,

I`m in the process of preparing my sole proprietorship business to
incorporate as an LLC in NH. I also have yet to create a business bank
account, which I`ll need to do in the next couple of months.

I`m wondering whether it would be better for me to create the bank
account first as a sole proprietorship and then incorporate as an LLC,
or incorporate first and then set up the bank account? Maybe it doesn`t
matter either way, but I`d like to minimize hassles with paperwork and
expense if possible.

Thanks,

Scott

pepperlegal

Scott,After you form your LLC, you`ll receive a certificate of formation (or similar designation in NH).  Once you receive that, in addition to your EIN#, you would then go into a bank with those documents to open your account.

MNGrillGuy

I agree with above:
1- get mailbox (for a registered agent)
2- get LLC
3- get EIN
4- get business bank account

scottcl

Thanks for the replies - it looks like there`s a strong consensus in incorporating first. I will make that my next step, then.Regards,Scott