Business Foundations

You must separate your personal money from your business money. If you mix them, a court can pierce the corporate veil and take your personal savings if your business is sued.

• For international founders, traditional banks (Chase, BoA) often require you to walk into a branch in person.
• Use "Neobanks" like Mercury or Relay. They are built for startups and allow you to open an account online from anywhere using your EIN (Employer Identification Number) and your passport.
• You cannot open a bank account until your company is registered with the state and you have your EIN letter from the IRS.