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There are several ways to fund a business. You may have sufficient savings to cover the startup costs, you can borrow funds from the bank or family or you can look for an investor. Keeping startup costs to a minimum is nearly always the best option and the lean startup is the most popular way to start a business in the current environment.
When you start a business it is important that you keep your business finances separate from your personal accounts. That means whether you are a sole trader or a Limited Company you will need a bank account.
BDO has a long history of supporting local businesses. From fledgling operations to established enterprises they work with businesses of all sizes in the Channel Islands.