Hi everybody,
I am going to make an entrepreneur team with one of my friends. The problem arise with bank account. What kind of bank account is suitable for entrepreneur team .
- Personal account for each team member or
- Joint Account or
- Business Account
The problem with personal account is that one's personal account is not accessible to other team member.
And the problem with joint account is that, according to my bank manager, if we put such a big amount of money (like £50K), then the bank might close our joint account. According to him, we can't use joint account for business purpose.
Any suggestions will be appreciated.
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