Doomed to not have a business account?

bizacctmng
Contributor
Contributor

Hi Everyone,

 

I'm new. I recently created a business account but now I want to delete it. I sometimes do personal transactions and I can go back to a personal account ,PP said, but if I delete the business account I can't reopen it. I didn't know this when I signed up. So, if I delete and want to open up a business account later, I will have to take my business somewhere else. Comments?

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snowshoe
Frequent Advisor
Frequent Advisor

Unfortunately accounts are not deleted, only closed.

 

In the future, if you want to open a new Business Account, you can do that.

 

What works best is a new bank account, new credit card and new email address, all associated with the new business name.  That's what we did.

 

Our first business was a sole proprietorship.  We decided to change to an LLC.  We also changed our business name to better reflect what we did.  We closed our old business account and simply opened a new one with the new business name, bank account,  credit card and email address.   It took a week to verify both the bank account and credit card.  The process was smooth and we experienced no issues.  Been up and running since.

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snowshoe
Frequent Advisor
Frequent Advisor

Unfortunately accounts are not deleted, only closed.

 

In the future, if you want to open a new Business Account, you can do that.

 

What works best is a new bank account, new credit card and new email address, all associated with the new business name.  That's what we did.

 

Our first business was a sole proprietorship.  We decided to change to an LLC.  We also changed our business name to better reflect what we did.  We closed our old business account and simply opened a new one with the new business name, bank account,  credit card and email address.   It took a week to verify both the bank account and credit card.  The process was smooth and we experienced no issues.  Been up and running since.

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bizacctmng
Contributor
Contributor

Thank you. I'm relieved.

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snowshoe
Frequent Advisor
Frequent Advisor

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