Can I Open an Interest-bearing Checking Account if I Have an LLC?

by Jeff Heimler, CPA

I have just formed an LLC in California. Can I open an interest-bearing checking account? It seems these are reserved for sole proprietorships and not-for-profits. Is this correct? 

Jeff Heimler is principal of Heimler & Associates, CPA. He can be reached at (949) 252-8192.

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