How to open a current account for LLC

Video: How to Open a Bank Account for Your LLC (2020) 2024, July

To carry out the legal activities of the LLC, it is necessary to open a current account immediately after registration with the tax authority. In all seriousness, you need to approach the choice of the bank, the preparation of a package of documents, as well as the preparation of an agreement with the bank.

You will need

- banking consultant
- a full package of necessary documents
- cash to pay for the cost of bank services

Instruction manual

A current account is a bank account for a legal entity (in this case, LLC), the main functions of which are the storage of funds, cashless payments with other legal entities and individuals. Upon opening, it is assigned its own unique number, which should be reflected in all relevant documents.

For the financial activities of LLC, the current account is of great importance:

- greatly simplifies the process of settlements with suppliers and customers;

- ensures the safety of storage and movement of funds;

- According to the law, the current account refers to “demand deposits”.

In accordance with the rules of the bank, at the end of the reporting period, a certain percentage should be accrued on the cash balance.

In order to open an account, you must submit the following documents to the bank:

- application for opening a current account (the application form is issued by the bank itself);

- constituent documents and certificate of state registration of the LLC (copies of the organization’s charter and constituent agreement, registration certificate and information extract from the Unified State Register of Legal Entities, certificate of registration with the Federal Tax Service Inspectorate of the Russian Federation);

- samples of signatures of the director and chief accountant;

- documents on the appointment of the director and chief accountant;

- print of the seal.

All copies of documents must be notarized. In the future, the bank will execute payment orders only if there are signatures provided and a seal, an imprint of which was provided.

When submitting a full package of documents to the bank, a contract is concluded between the bank and LLC for servicing the current account, where the unique account number, the date of conclusion of the contract and its entry into force must be indicated, as well as the conditions for the provision of banking services and their cost are described in detail.

Choosing a bank to open a current account is a very responsible matter, it must be approached with all seriousness. The main points when choosing a bank that you need to pay attention to:

- location of the main office and bank branches, remoteness from your office. Indeed, in the future, bookkeeping will have to transport documents and payment orders there;

- the cost of banking services (monthly account maintenance, commission for payments and cash withdrawals, collection services);

- bank rating and its reputation.

It is necessary to compare the above indicators for several banks, consult with knowledgeable people and read reviews on the work of banks. Having weighed everything properly, a decision should be made and an agreement made.

note

The ability to work remotely with a bank (through the bank-client system and vice versa) will greatly simplify your financial activities, and if necessary, urgent money transfers will be simply irreplaceable.

Useful advice

Before signing the contract with the bank, it is better to show it to the lawyer, in case you missed or did not notice something important.