Business Bank Accounts

Business Bank Accounts

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regmolehusband

Original Poster:

3,977 posts

259 months

Monday 4th August 2003
quotequote all
A new partner and I are starting up a limited company to market and automotive product.

Is there any significant difference between the offerings of different banks? Neither of us have any strong feelings either way though he has approached HSBC.

The main requirement is a charge card to defer the cost of stock purchases for as long as possible, internet banking and of course low charges!

regmolehusband

Original Poster:

3,977 posts

259 months

Monday 4th August 2003
quotequote all
Hello Eric - a fellow Blatchatter here

Because it's a product with potential product liability issues so we want the added protection of the limited director liability. From the marketing point of view, we'll be marketing the product to large fleets and I feel the limited company status inspires more confidence and raises less questions than a partnership or something. Finally I understand there are better tax advantages. For example, I was talking to Bacon Butty from Blatchat who has a small business, he pays himself a small salary and larger quarteryl dividends.

"Reg"

regmolehusband

Original Poster:

3,977 posts

259 months

Monday 4th August 2003
quotequote all
Thanks Eric. No, parallel parking remains a problem..........though the sprinting is coming along OK

I think we're going with HSBC by the way unless somebody says

regmolehusband

Original Poster:

3,977 posts

259 months

Monday 4th August 2003
quotequote all
Thank you Mark - I did take a look at your link but obviously didn't do so in sufficient detail. I'll have a nother go.