spamman808
Level 2 Member
hi all,
I'm a teacher, and just started a bit of a side gig offering professional development classes online to help other teachers move up in pay (in my state pay raises are tied to continuing education). I set up a PayPal business account so that they can pay me online, but I'm wondering if I should open a separate business checking/ savings account or just deposit the money from my PayPal business account into my personal checking.
Background info that might be helpful for you to understand my situation:
I don't foresee many expenses for this class, since I'm using a free google site. At most I'd purchase a new computer. I do foresee making maybe an extra 10-15 thousand dollars through this business a year.
Is it necessary to open a business account? Is it advantageous to do so?
Sorry for a newb question, I appreciate all advice.
Thanks friends
I'm a teacher, and just started a bit of a side gig offering professional development classes online to help other teachers move up in pay (in my state pay raises are tied to continuing education). I set up a PayPal business account so that they can pay me online, but I'm wondering if I should open a separate business checking/ savings account or just deposit the money from my PayPal business account into my personal checking.
Background info that might be helpful for you to understand my situation:
I don't foresee many expenses for this class, since I'm using a free google site. At most I'd purchase a new computer. I do foresee making maybe an extra 10-15 thousand dollars through this business a year.
Is it necessary to open a business account? Is it advantageous to do so?
Sorry for a newb question, I appreciate all advice.
Thanks friends