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Old 03-27-2014, 09:27 PM
devo20 devo20 is offline
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Join Date: Jul 2013
Location: Ontario, Canada
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Ontario Business Question

Hi everyone,

So I am starting to do the paperwork to become an official business. I have done some research but have one question. I would like to open a sole proprietorship. I would like to also register a business name and operate under that name. But I would like to take care of billing in my name and deposit it into my personal account until I can afford a monthly business account fee. Is that legal, operating under one business name and taking care of billing into my personal account??
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Old 03-27-2014, 10:00 PM
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P.Services P.Services is online now
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Join Date: Apr 2007
Location: Fenton Michigan
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No that is the exact thing they do not want you to do. A account should be free.
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Old 03-28-2014, 07:53 PM
devo20 devo20 is offline
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Location: Ontario, Canada
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Business accounts are not free in Ontario, Canada. Also a lot of business accounts not only charge a service fee, but charge you per item deposit. (Basically every cheque)
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