If you are running your own business, then no matter what field you are in or what type of business you run – limited liability company, corporation or sole proprietorship – you will almost certainly need a bank account to derive your personal income from your business income to keep separate. Commercial bank accounts have different characteristics depending on the legal form of the company and other preferences. Traditionally, a corporate account has the most formal requirements. The main feature of a corporate bank account is that it can only be opened by a decision of the board of directors.
https://www.confiduss.com/en/banks/account-opening/corporate/
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