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 Can a Sole trader use a personal bank account
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sjbyron
Average Member



United Kingdom
746 Posts

Posted - 05 September 2009 :  00:10:38  Show Profile  Send sjbyron an AOL message  Click to see sjbyron's MSN Messenger address  Reply with Quote
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

paulsc
Junior Member



289 Posts

Posted - 06 September 2009 :  13:51:06  Show Profile  Reply with Quote
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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Housing
Senior Member



United Kingdom
1399 Posts

Posted - 06 September 2009 :  16:45:24  Show Profile  Reply with Quote
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..."
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leakie
Junior Member



United Kingdom
158 Posts

Posted - 06 September 2009 :  19:22:41  Show Profile  Reply with Quote
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
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