Can you open a business account without an LLC?

No, you can't open a business account without an LLC.

However, you can still open a business account with Bank of America if you have an individual or joint ID.

[{"selector":"#anim-0c36d7f3-1624-4adf-b9c3-c843b3a4dd86 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-14.843749786673241%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}]

There are a few reasons why having an LLC is important when opening a business bank account.

[{"selector":"#anim-0f3e7783-2420-4817-8d98-4bf50bef78fb [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-14.843749786673241%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}]

First of all, it allows you to shield your personal assets from any financial losses that may occur while your business is in operation.

[{"selector":"#anim-109e401b-7052-46b5-b511-6a8c134ec889 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-14.843749786673241%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}]

Furthermore, having an LLC also makes it easier to qualify for government loans and other financial assistance that may be available to small businesses.

[{"selector":"#anim-9957fd77-42d0-46db-8101-b86e47da6a8d [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-14.843749786673241%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}]

If you don't have an LLC but want to open a business bank account with Bank of America

[{"selector":"#anim-85b8157d-6311-4834-bba5-937b20cb66d4 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-14.843749786673241%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}]

, there are some other things to keep in mind. For example, make sure to provide accurate information about your company and its finances when applying for the account.

[{"selector":"#anim-e8da063c-8f98-443f-b407-f3ebe9c714d7 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-14.843749786673241%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}]

And lastly, make sure to regularly review and update your company's paperwork as necessary so that Bank of America knows exactly who is responsible for managing and running it.

[{"selector":"#anim-2bc6c509-e06d-4c1c-b234-d3476361a08d [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-14.843749786673241%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}]