Should I set up a separate bank account for my LLC?

Should I set up a separate bank account for my LLC?

Yeah, I don't see any reason why you really wouldn't want to. I guess in some very rare instances, where you're setting up, there are certain LLCs, like family LLCs and tax planning shelters that you can do where you might not necessarily need a separate bank account or separate finances, but if you're talking about running and operating a legitimate business, then you would want to have, obviously, the ability to bank, the ability to file your own taxes – the same things that you need an employer identification or a tax ID for. And, once you have that, you can go to pretty much any bank, and show them you tax ID number, and some identification that you're a member or a person who is authorized on behalf of corporation or that limited liability company and you can actually start a bank account in that company's name. So, for instance, myself as Chas Rampenthol, I can have a bank account with my bank and if I also had Chas Rampenthol, a professional corporation and lawyer, or a professional legal corporation, I could have a bank account with checks that said Chas Rampenthol Professional Legal Corporation, as well.