Which Bank?

[Boss Hog]

Sorry forgot to say, I am a sole trader trading as "Company Name", infact you can also have your company name trading as another company name too, allowing you to accept cheques in your personal name, business 1 name and business 2 name. Comes in handy if you have a similar business sideline and want to accept cheque payments in that business name also.

[Maddy]

You can have the letterhead showing your company name then your real name and address at the bottom.

I think it's law if you're a sole trader to have your personal name somewhere and you can display as a "trading as" format or like I said before just add your name somewhere else.

[sabian1982]

Thanks Maddy- i'll need a business account as this will be what shows up on peoples statements when they pay me which will make everything look a lot more professional.

I've still not given up on starting the 'Bank of Mike' - i think its the way to go! I'd be more than happy to look after other peoples money :p

[Maddy]

Da BOM (the bank of mike!)

I'll sign up as long as you're paying, ooh, around about 25% interest...

[sabian1982]

Surely if Da BOM offered over 6% it would be a good thing? no?

[Maddy]

I get over 7% on my savings account so you'll have to do better

[sabian1982]

Yes but its a savings account- i'd be offering 7% for a current account... surely that would make Da Bom a bargin?

[Maddy]

Yeah ok - so if Da BOM ever takes off let me know...

[sabian1982]

Back on topic though; Boss Hog- best to have a business account with the business name linked to your Protx account as when they recieve their statement it will show you're business name as the transaction... right?

[Boss Hog]

I have a business account, I am a sole trader but the account is still in my business name.

Abbey is only used to deposit the monies into from Streamline, my details with PROTX or Streamline which is the business name anyway determine what shows up on my customers statements.