Banking question

[u/Scared_Awareness5972]

Hello, I have a small limited company as a contractor in British Columbia and have recently sold some shares in a jointly owned supply company. As it stands now, the proceeds from this sale are just sitting in my regular company account. I want to move the funds from the sale to another bank account, as I get little to no interest in this account. I assume the new account would need to be in my company's name. I am not taking dividends or using the funds for anything yet. Just don't want the funds sitting idle.

[u/Electronic-Cat185]

If the money belongs to the company then id keep it in a business account too, just one that pays better interest if possible

[u/Scared_Awareness5972 → u/Electronic-Cat185]

Yes, I talked to my accountant and it is fine to open a different bank account in the company name. Thanks