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 Can a Sole trader use a personal bank account

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T O P I C    R E V I E W
sjbyron Posted - 05 September 2009 : 00:10:38
Hi

Really confused here, when I go self employed as a gym personal trainer will I need a business bank account, and if so which banks accept a discharged bankrupt

Stu J Byron
3   L A T E S T    R E P L I E S    (Newest First)
leakie Posted - 06 September 2009 : 19:22:41
Hi all
I use my personal Bank account and so far no one has said anything
as an undischarged Bankrupt they won't let you have one, so it is there loss, my gain,
Has any of you self employed had any luck with public liabiliyt insurane?

all the best

Leakie
Housing Posted - 06 September 2009 : 16:45:24
Stu

I agree with paulsc. Business accounts per se are expensive. take it from one that knows all too well.

I think an "ordinary" account should be fine - what you will need to do is show income and expenditure for youraccounts.

Good luck, Richard

"There are no problems - only solutions..."
paulsc Posted - 06 September 2009 : 13:51:06
I would open a normal account and not tell bank its for business business account cost a fortune . I was self employed for 10 yrs used a noraml account and never questioned


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