Business financial savings accounts usually earn interest over time but have a limited variety of transactions that can happen each month. When you’re just starting out, search for a business bank account that does not have a minimal balance requirement so you are not penalized for having low funds as you work to build your corporation. Once you might have a legally formed business and have been issued an Employer Identification Number , open a checking account specifically for your business. Having a business checking account is crucial for preserving your personal and business finances separate which may help you …