Day 3: A Business Bank Account

If you're going to own a real business, you need a Business Bank Account. Why? Because you need to charge your customers' credit cards for the stuff they buy from you.

The credit card companies won't deposit that money in a personal bank account. It has to be a business account.

So, after you form your Legal Business, take that paperwork to your local bank, and start a Business Bank Account with $50 or so. Make sure you get a Debit card for that account, too, so that you can buy the things you need for your biz with it, and make them tax deductible!