finance

      Business Banking for Food Entrepreneurs

      A business checking account keeps your business and personal finances separate. It helps you track expenses, record income, and begin building business credit—something you’ll need later if you apply for loans or financing. Here’s how to open one for your food business.

      Step 1: Register Your Business

      Before opening a bank account, you need to register your business. An LLC protects your personal assets and establishes your business as its own legal entity.

      If you haven’t registered yet, follow our guide on how to form your LLC.

      Step 2: Gather Your Documents

      Banks require proof that your business exists and that you are authorized to open an account. Have the following ready:

      • EIN (Employer Identification Number)

      • Articles of Organization or Incorporation

      • Business License — see our licensing guide

      • Certificate of Good Standing (if your state requires it)

      Check with your chosen bank for any additional documentation they may need.

      Step 3: Compare Business Checking Options

      Different banks offer different features. When comparing options, look at:

      • Monthly fees or minimum balance requirements

      • Online and mobile access

      • Integration with bookkeeping software

      • Customer service and branch access

      Union Kitchen members can find trusted options in our Supplier Directory.

      Step 4: Open and Fund Your Account

      Once you’ve chosen a bank, open the account and make your first deposit. Using the account for all business income and expenses helps you stay organized and builds your business’s financial history.

      Over time, a consistent banking record supports your ability to qualify for credit cards, loans, and other financing opportunities. Learn more in our guide to improving your business credit.

      Step 5: Maintain Good Financial Habits

      Use your business account for all company transactions. Pay vendors, deposit sales, and track expenses through this account only. Keeping business and personal finances separate makes accounting easier and ensures accurate records when filing taxes or applying for funding.

      As your company grows, maintaining clean financial systems helps you scale efficiently and make informed decisions.

      Build Your Food Business with Union Kitchen

      From business registration to distribution, Union Kitchen supports food entrepreneurs through every stage of growth. Join the Union Kitchen Accelerator to access resources, coaching, and an ecosystem designed to help you build your business to last.

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