Banking solutions for LLC?

Question

Hello -

I just filed an LLC for an e-commerce site and for ads. Currently a single member LLC. This is my first LLC and I'd like to know about banking solutions for my situation. I want to open a basic checking account for my LLC which banking institutions do you recommend(?), do I need to provide my personal SSN instead of Tax ID number of my LLC. I'd prefer not to provide any personal info since it is strictly for business. Any suggestions, advice and comments are welcome.

Thanks in advance

Answer 1

Your best bet is to find a small local bank (that is a member of the FDIC).

The reason is that small local banks tend to be friendlier to small business than big banks.  

Hope this helps

Jerry-the-bookkeeper