In connection with the rapid growth of support for small businesses, more and more often, beginning entrepreneurs face the question of how to open a current account for entrepreneurs. Some people even prefer to do without it, but you should know that in some situations you just can’t do without MS, for example, when working with legal entities or individual entrepreneurs who make payments only in non-cash form.
Benefits of use:
- the presence of an account increases the degree of trust in you when concluding transactions;
- convenience and time saving when calculating, paying dues and taxes.
This is far from a complete list of what benefits you get if you open an account for individual entrepreneurs. It is important to remember that the bank with which you enter into a service agreement plays a key role, because the presence or absence of certain services depends on it. It should be noted that by opening a current account for individual entrepreneurs, you must notify the tax authorities (regardless of the bank selected). Not that you will be required to pay a fine of 5,000 rubles!
However, for all the benefits of RS, there are also disadvantages (in case of non-payment of taxes or delay in other payments). The fact is that the legislation allows the Federal Tax Service Inspectorate to suspend all operations of an individual entrepreneur, and this can be very inappropriate if you need to pay suppliers.
As mentioned earlier, the bank plays a huge role if you open a current account for individual entrepreneurs. Therefore, let's talk about the criteria by which to choose it and what to look for when concluding an agreement with a bank:
1. Reliability. She always plays a key role (not only in business). The main criterion for clarifying this factor is the length of stay in the market. The older the bank, the less likely it is to lose your money during a crisis, as it will be insured.
2. When opening a current account for an individual entrepreneur, make sure that you are provided with an Internet banking service and additional options. Some are free, while others will charge you monthly.
3. Ask your future partners what banks they work with. This will allow not only to find out about their reputation, but also show who you better start cooperation with to save money on interbank operations.
4. Compare the cost of service in each of the banks. Often, some tariffs and additional fees are not stated in clear text, so carefully read the contract.
5. If your activity will be associated with frequent transfers throughout the country, then try to find out how large the branch network of this bank is. It is possible that after the information received, you will open a settlement account for individual entrepreneurs in another place.
Experienced businessmen, when opening additional PCs, conduct not only an analysis of the above characteristics, but also calculate how much it will cost the settlement and cash services for the year. Today, all rates can be found by calling the bank's help desk or by reviewing the service agreement on the site. Opening a current account for individual entrepreneurs, this particular factor can sometimes play a key role, because how much money you save for the entire period of activity depends on the cash register.