Natalia

Opening a business bank account may seem a straightforward task and not so essential to a business’s success.

However, opening a business bank account makes a company looks professional and can help qualify for financing and separate personal and business funds.

The requirements for opening a business account tend to vary depending on the business structure.

Also, the bank you use and the type of bank account you need can cause this variation.

Why Every Business Needs a Business Bank Account

One of the key reasons to sign up for a business bank account is to separate personal and business finances.

Mixing the two can make it harder to maintain books of accounts and handle taxes.

Also, mixing up personal and business funds can expose you to legal issues.

For example, a limited liability company or corporation owner risks losing their liability protection if they don’t separate their business and personal finances.

It means that debtors could auction your assets if your business becomes bankrupt.

Opening a separate business bank account offers many more benefits.

For example, a business checking account can make a corporation or LLC look professional.

It may also make it easier to file taxes.

You are also entitled to a dedicated company debit card and customized checks once you open a business checking account.

Opening a checking account is also a step to building your company’s credit profile.

In short, a merchants account can help you get suppliers and qualify for financing.

The benefits that come with opening a business checking account are by far greater than the complexity of the process.

Types of Business Bank Accounts

The next step after understanding how beneficial a business bank account can be is to decide what type of bank suits you.

Business bank accounts are categorized into; merchant service account, business savings account, and business checking account.

A business checking account works as a personal account.

It can be used for accepting payments from clients and checking day-to-day expenses.

Your business savings account, on the other hand, can be used for accruing a little interest in non-liquid funds and storing your surplus cash.

A business checking account allows you to do the basics, including managing cash flow, collecting invoices, and paying for expenses.

Once the business gets established and accumulates enough money in the checking account, consider opening a savings account that can help you store any surplus money and build your interest.

A business savings account allows an entrepreneur to hoard their money while generating interest.

Businesses accepting credit card payments may be required to open a merchant account.

Merchant accounts are designed to front a sales payment before a customer deposits into their card.

However, banks require a business or company to have a checking account before opening a merchant account.

Any funds paid through a credit card by the merchant account provider are deposited into the savings account.

No all traditional banks offer the option of opening a merchant business account.

Requirements for Opening a Business Bank Account

There are requirements for opening a business bank account.

Documents required for opening a merchant account may not be similar to those required for opening a checking or savings account.

Also, the requirements may vary depending on the state in which you live and the type of business entity.

The state in which you established the corporation or LLC may also cause a variation.

Some banks also tend to ask for more information than others. But either way, it is simpler to open a bank account online.

Here are the basic requirements for opening a business bank account.

Business Structure

Requirements for a business structure vary a bit by state.

However, their core role is to spell out the components of a company, including the registered agent, management structure, address owners, and business name.

The organization document of a limited liability company is known as the articles of the organization while a for a corporation is known as the articles of incorporation.

Be sure to keep these documents in a safe place because the bank might ask you to provide them when opening an account.

Partnership Agreement

It is a legal requirement for a business with more than one owner to sign a partnership agreement.

Partnership agreements for LLCs are also known as operating agreement while for a corporation are known as bylaws.

The document covers critical issues that the company may encounter, including how it will carry out its activities, and each owner’s responsibilities and rights.

Doing Business As or Certificate of Assumed Name

The law allows companies and businesses to operate under a trade name that could be different from the legal name.

However, a business must file a doing business as name or fictitious business name with its secretary of state before it is allowed to operate under a trade name.

Banks may ask for a copy of a DBA document before you are allowed to open a business bank account.

Employer Identification Number EIN or Social Security Number (SSN)

Banks will ask for EIN or SSN as proof of your business identity.

Some banks may ask you to provide the details that the IRS sent you after the approval of your EIN.

Sole proprietors can be allowed to use their SSN instead of EIN, but obtaining an EIN comes with several benefits.

Applying for the EIN on the IRS website is fast and simple.

EIN lets a limited liability company or corporation have a tax presence that is independent of the owners.

However, business owners must first obtain a valid social security number and agree to file taxes on behalf of their USA-based company.

Be to keep your EIN confirmation letter at a secure place because the bank might ask you to provide it when applying for a business bank account.

Business License

Any bank will ask for a business license before it allows a company to open a business bank account.

The process of obtaining a business license can differ by locality or state.

So, confirm the requirements for obtaining a business license with the local authorities before proceeding to open a bank account.

Options of Opening a Business Bank Account

Business bank accounts can be opened online or at a physical location.

However, not all banks offer both options, so confirm the options that your bank offers.

Most banks that offer online-only accounts don’t have physical locations.

You can opt to open an account in-person or online.

However, be ready to submit the required documents on the bank’s website or at a physical branch location.

Opening an account online can be a convenient option since you don’t have to queue at the customer desk.

However, someone may opt to open a bank account at a branch location so that he or she can receive one-on-one customer service.

Most online-only bank accounts offer a live chat feature, email, or phone call services.

Conclusion

Opening a business bank account could be a wise decision for virtually every business.

However, it is advisable to find the right bank and the suitable account type before deciding to open a bank account.

Opening a bank account could be tricky and complex, but it is a pain a business owner has to endure once.

It’s been nearly a decade since Apple offered its users 5 GB of storage in the iCloud.

It’s seemed like more data that anyone would ever need. We now know that isn’t the case.

As smartphones increase their storage capacity, we have more opportunities to take high quality photos and video that simply consume cloud storage.

Apple allows you to buy more space in your iCloud storage, or you could turn to one of the many cloud services available today.

But why spend on another digital service when you could simply clean up your iCloud today? Here are five ways to free up your iCloud storage.

1) Take Stock of Your Data

Instead of just deleting what feels like unnecessary files from iCloud, you may want to take note of what you’ve been collecting over the years.

From the settings app on your device, make your way to iCloud, then to Manage Storage.

Here you can see what kind o files you’ve stored and the amount of data they’re consuming.

It’s common for Apple users to have half their storage taken up by device back ups, photos, and messages.

That will become clear when you see the breakdown of your storage data.

At the bottom of this list you will find a list of your current apps and their data usage.

Multiple device backups can consume a lot of space. Some could even be from older devices that you’re no longer using, or even have in your possession.

They’re currently taking up precious space in your iCloud.

If there’s little to no chance you’ll have to restore these older devices, it may be time to delete those backups.

To delete files from iCloud, navigate back to Settings on your device, or Systems Preferences if you’re on a Mac, and tap Manage Backups.

This will give you a list of all current backups saved to your iCloud account, and give you the option to delete those you no longer need.

This is also an ideal opportunity to go over individual apps that are leaving backups.

Apps like Photos can create backups you may want to hold on to, but you won’t need that kind of save data from every app.

By tapping the status bar, you can change an app from green to grey, and put an end to unwanted backups.

2) Delete Your Old Messages

A single iChat thread only takes up a few kilobytes.

Collect all your iChat threads from years of iPhone and iPod usage over the last decade and you can easily amass more than a gigabyte in messages you’ll never glance at again.

And if you’re a lover of emojis, the byte size per message, they will consume even more space.

Go over the the Messages app, and review the conversations there.

If you’re ready to move on from a message thread or have started new ones with your friends and family, you can delete them now.

Keep in mind that once a message is manually deleted it will be gone from all linked Apple devices.

If you want to hold on to a conversation but want to delete the attachment, you can to that also.

With a conversation open, tap name of the recipient, then info.

Here you can see all photos and pick those you’re ready to delete.

3) Delete Your Email Attachments

Messages can have attachments, and so can emails.

Email attachments can be larger and will require more space of your iCloud.

Years of email storage can make for quite the collection of attachments that are just chipping away at your data cap over the years.

In iCloud Mail, use the View function to Sort by your email Attachments.

You can quickly choose to delete all emails, or set a size limit.

Limiting selection to attachments that are 20 MB, for example, will delete all attachments larger than that.

4) Organize Your Photos

People love taking photos. They like sharing them. They like collecting them.

iPhone models over the years have prioritized their cameras and editing software, which make them great for shooting video as well.

Even a number of movies have been shot exclusively on iPhone.

For these reasons, photos and videos probably take up the bulk of your iCloud storage.

As of yet there’s no way to filter out poorly taken photos currently sitting in your iCloud.

You’ll have to do the work of identifying those photos that didn’t come out just right and manually delete.

In the case of video, you may want to consider how much of each clip is something you actually want to hold on to, then crop them to cut down their file size.

Keep in mind that deleting photos and videos won’t have an impact on your available file size.

Unlike other file types, these are sent to the Recently Deleted album rather than being trashed.

If you want to reclaim this storage space, you’ll have to go to your iCloud, to Recently Deleted, and permanently remove the files.

To better manage your photos in the future, delete those bad selfies and unwanted photos from your device immediately and keep only those you like.

You can also get into the habit of cropping your videos, removing outtakes and bad takes before they get added to your storage.

If you don’t need to access photos and videos across a number of devices, you might want to bring your albums off iCloud and on to your device, Mac, or PC.

An external hard drive is also a great alternative if you take a lot of photos and videos.

It will centralize these file types while saving you money on expanded storage or digital services.

5) Clean Up Your iCloud

By now you’re probably realizing that you use iCloud quite a bit. Apple likes to use your iCloud as well.

This is where you’ll find Apple’s PDFs and documents.

These are relatively small over time, but, as you’ve learned, they can clutter your iCloud over time.

Clearing out these files is best done from a Mac.

If you are using a Mac computer, open Finder and select the iCloud Drive.

Here you can sort these files by type, size, and date. Then simply delete what you don’t need.

Migraines are a difficult thing to ignore. Between the pulsing headache, nausea, and throbbing pain, everyday activities can become difficult to complete.

While every relief method doesn’t work for everyone suffering with migraines, there’s a hidden gem many people should try: Vicks vapor rub.

Unfortunately, migraines don’t pick convenient times to show up.

While some migraines last for a few hours, severe cases last for days and even weeks at a time.

These severe headaches can keep you out of work for extended periods of time and also cause issues with taking care of your home.

If you’ve tried numerous relief methods to no avail, Vick vapor rub is the solution for you.

What is Vicks Vapor Rub

Vicks vapor rub is a topical ointment created for pain and ache relief.

Common uses for Vicks vapor rub include joint ache relief, cough compression, and chest, back, and throat pain relief.

Vicks vapor rub can be purchased online or over-the-counter without a prescription.

Vicks vapor rub has a high menthol content. Menthol is used for relief from tension and stress headaches.

When applied correctly, the menthol activates receptors called transient potential receptors that cool the tension caused by headaches.

This concept is similar to using a cool compress.

Vicks vapor rub is also great for people who prefer a topical solution over taking oral medication.

It’s important to avoid ingesting Vicks vapor rub, especially for small children.

Tasting products with camphor causes nausea, vomiting, and sickness. Eating even minimal amounts can be poisonous.

In severe cases, swallowing can cause seizures.

 Vicks Benefits and Application

Vicks vapor rub is effective when applied to the temples and forehead. Lightly massaging the product increases relief and releases tension.

Massaging Vicks also help you relax. Unlike oral medication and other methods, applying this mentholated ointment works almost instantly.

Migraines come with more than just a pulsating headache.

Oftentimes, migraine sufferers experience nausea and even vomiting in addition to pain.

Vicks vapor rub also assists with nausea-related symptoms. Menthol’s aromatic impact helps relieve upset stomach-related symptoms.

Again, be sure not to swallow Vicks vapor rub.

One of the best parts of using Vicks vapor rub for a migraine is convenience. Migraines come on at any time.

If you’re at work, it’s difficult to rotate a cold or hot compress for relief.

It’s also unlikely you’ll get an opportunity to lay down in a dark room during a work shift.

Carrying vapor rub allows you to apply an ointment and find relief almost instantly.

It’s compact and discreet container fits in most bags, making it easy to carry anywhere.

Conclusion  

Using Vicks vapor rub for migraines is an easy and convenient relief method. Because it works anywhere and results occur quickly, consider keeping a container with you at all times.

When you feel a migraine coming on, massage Vicks vapor rub on your temples and forehead and continue your everyday activities.

If your child experiences migraines, don’t allow them to suffer. Vicks vapor rub also offers a children’s topical ointment.

Be sure to discuss your symptoms with your healthcare provider and make sure Vicks vapor rub is a safe option for you.