How to Open a Bank Account for a Personal Service Corporation

A personal service corporation is going to require a bank account to do a variety of business activities. When you think about it, just about any corporation, no matter the type, will have to have a bank account. A bank account is going to be necessary in order to hold any of your liquid cash, payout employees, and so on. The bank account is where all of your cash is going to be coming in and out for your personal service corporation. When you need to open up a bank account, you need to figure out which bank to go with.

In order to open a bank account, you need some basic details on your business such s the name of your business, a responsible party for the business, as well as an official Tax ID (EIN) number for the personal service corporation. With these details in hand, you can work with a bank to get the type of bank account you need open and functioning for your daily.