Lisa shouldn't open up a money market account for her first business account. Just a simple checking account will do.
QUESTION: Lisa wants to open a business bank account for a new business. Is a money market a good option?
ANSWER: Money market accounts are too cumbersome. You should just open a simple checking account to get started. You can open a sole proprietor account using your social security number. This is a DBA account where you have your name “Doing Business As” and then the name of your business on the account. That’s the best place for you to start.
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