Recently, my partner and I created an LLC and have secured about 30K in capital to start our online company. We are in the process of choosing a bank to work with and would appreciate some guidance. I believe we should set up a corporate savings account (for the bulk of the 30K) and set up some type of business checking account for day to day operations. Also, we will be taking in membership fees (probably using authorize.net) and I'm not sure if that money should flow into a separate account all together - or the checking or savings account I mentioned opening above.
Any guidance as to good banks to choose with low (or no) fees for small business would be much appreciated.
Thank you, Scott