I just recently registered an S-Corp which is materially different than sole proprietorships under which I had bank accounts.
I have my EIN and a Dun and Bradstreet number. Tomorrow I will be opening a business checking account
I have a couple of different businesses under which the S-Corp is the parent company (a DJ business, an affiliate marketing business, and a business selling on Amazon as a private label) will have DBAs underneath.
A couple of questions I have - 1) if I were to apply for business credit in the current economic climate, what should I expect? My hope is to establish, in the short run, a credit card that I can transition businesses expenses to off of my personal accounts (less than $1k/month).
In Accounting and tax reporting terms, how do you transition business expenses that are being paid through personal accounts?
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