But before you judge, answer this question: How has the cell phone improved your life and more importantly, your business bank account ?
You need to set up a corporate structure, hire a book keeper, separate the business money from your personal expenses (corporate bank account, business credit card etc.) You should be on top of the financials from day one.
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With President Obama pushing legislative reforms that could cost it dearly, student loan giant Sallie Mae is looking to horn in on the lucrative online bank account business.
If you are doing business as a proprietor, there is no requirement that you open a separate bank account for the business.
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He said the Zurich-based bank would stop doing business with account holders who didn't comply.
You may want to keep a foreign bank account secret from your spouse, employer or business partner.
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Consumer and small-business loans would account for roughly 60% of the merged bank's domestic total, about the same as at Mizuho and Sumitomo Mitsui Financial Group, the other big-four bank.
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"For millions of people in India, a mobile phone is a bank account, a front door to a micro-business or a lifeline to people in the remotest areas, " said Marten Pieters, Managing Director and CEO of Vodafone India.
But when I suggest that must mean business is good, he says wryly, "you should see my bank account".
The defendant had given Muldoon access to his bank account, and told the jury he initially thought the debt business was professional and legitimate.
With a 1.35% annual yield, Sallie Mae is looking to pick the pockets of established online-account players like Capital One and Ally Bank (the new business name of GMAC), which respectively offer yields as high as 1.45% and 1.39%.
According to the civil forfeiture complaint, the funds constituted proceeds of operating an illegal gambling business that were deposited between January 2009 and May 2009 in an account at Goldwater Bank in Scottsdale, Arizona.
Before dumping a co-founder, also make sure you have access to key information, such as the firm's bank account and Internet passwords, and that any intellectual property critical to the business is owned by the firm and not the person you're planning to push out, says Anthony McCusker, a partner with law firm Goodwin Procter in Menlo Park, Calif.
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Some are already avoiding doing business with US clients, so much so that US citizens living in Switzerland find it extremely difficult to open a bank account or get a mortgage.
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