Day 6: Why Opening a Business Bank Account Changed Everything

Content:

Welcome back to my Startup Journal — I’m Craig Stephens, founder of City Edition Printing & Design. Today’s milestone made it all feel official: I opened a business bank account under my new DBA, City Edition Design.


💳 Why It Matters:

  • Keeps business and personal finances separate
  • Makes bookkeeping, taxes, and expenses easier
  • Adds credibility when working with clients, vendors, or applying for grants
  • Shows you’re serious — even to yourself

🏦 What You’ll Need to Open Yours:

  • A copy of your DBA registration
  • Your EIN (from the IRS) or your SSN
  • Your government-issued ID
  • A small initial deposit (depends on the bank)

Some banks also ask for proof of address or a business plan, but many don’t. I went to a local bank where I already had a personal account — and that helped smooth things along.


🤝 Bonus Tip:

Ask the banker about:

  • Startup checking with no fees
  • Free financial planning tools
  • Access to business credit options down the line

Tomorrow, I’ll walk through why I prioritized building a basic website next — and how you can too, even with limited time or tech skills.

— Craig Stephens
www.CityEditionPrinting.com

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