Congratulations on successfully setting up your second company, Steve. I know some ways to connect your account with QuickBooks Checking. I'm here to share them with you today.
If the second company is created for the co-owner of the business, the signup process for QuickBooks Checking is the same for the first company. You're just required to answer a few additional questions.
Intuit collects information about co-owners of legal businesses that aren't sole proprietorships to comply with bank regulations. A beneficial owner is any individual with
- a significant ability to control, manage, or direct the business
- 25% or more ownership of the business
However, if the owner of the first and second company is the same, you must create a new QuickBooks Payments account because one account is linked to one QuickBooks Checking account only.
You can also access this website to get answers to the frequently asked questions about QuickBooks Checking: QuickBooks Checking FAQ.
I want to make sure that everything is taken care of for you. If you have any follow-up questions while managing your QuickBooks Payments account, let me know by leaving a comment below. I'm here to assist you every step of the way.
