It is imperative that the finances of the business are kept separate from those of the owners. For that reason, you'll want to establish financial accounts for your business, including:

• Checking account - To open a business bank account, most banks require information on the company, such as its formation date and type of business, as well as names and addresses of its owners. Some banks require corporations to provide a resolution from the board of directors or LLC members/managers, authorizing the opening of the business bank account. It is advisable to contact the bank about their business bank account requirements prior to trying to open an account. That way, you will come prepared with all the necessary items. Once your account is established, you'll need to order checks in your company name.
• Credit cards - Obtaining credit cards for your business can help you manage your startup finances and keep track of expenditures.
• Point of sale system - If you intend to accept credit cards for payment, you will need to establish a merchant account for payment processing. If you also intend to make sales over the Internet, you'll need a separate Internet merchant account.