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Most founders think opening a business bank account is a quick errand—until the banker asks for documents they’ve never heard of. We break down the exact paperwork you need, why each item matters, and how it protects your personal assets by preserving the corporate veil. From the certificate of organization and EIN letter to state tax registration, operating agreement, resolutions, and an interest ledger, we share a clear, no-fluff roadmap you can follow today.

We also dig into the legal and practical reasons to separate business and personal funds. Commingling doesn’t just create bookkeeping headaches—it can invite a court to pierce the corporate veil and put your home and savings at risk. You’ll hear how an airtight operating agreement clarifies ownership, profit splits, voting, exits, and contingencies, and why having an attorney review it is worth every penny. For multi-member LLCs, we highlight the clauses that prevent conflict and keep decisions moving.

To make the bank visit painless, we reveal our simple binder system: a small three-ring binder with tabbed sections for formation docs, tax IDs, governance records, and banking details. Walk into the branch with this binder and you’ll have everything the banker needs in one place. After the account is open, we cover must-do follow-ups like saving a direct deposit form, enabling secure online banking, and setting user permissions and dual controls for ACH and wires. Ready to get bank-ready and stay protected? Subscribe, share this episode with a founder friend, and leave a review with the one document you still need to track down.

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