Let’s talk business. The purpose of this course is to start preparing you for treating your stream like a business. There will come a point where you’re bringing in money and starting to think about finances and investing in your stream and all that fun stuff.

We’re starting this course with two big how-to’s, creating a business PayPal account and setting up a business bank account. Having a business PayPal account is incredibly important to do early on to protect your privacy and keep your finances organized. Having an entirely separate bank account can be incredibly powerful as well. However, what do you gain from having one? Why go through the hassle? From helping you at tax time to giving you that extra boost of professionalism, a business bank account can help you keep your finances in order so you can focus on the more fun aspects of content creation!

Disclaimer: The authors at StreamerSquare are not licensed financial advisors. Any content is intended for general information and education purposes and not specific advice. Should you need such advice, contact licensed financial and tax professionals.

It’s one of the first pieces of financial advice you’ll hear when you want to be a content creator: To keep your finances straight and your identity safe, create a business PayPal account. If you plan on making content creation a steady income stream a personal PayPal account may not cover all your needs. Setting up a Business PayPal account is an easy task with many benefits for content creators, which in turn allows you to focus on your content creation goals rather than stress over your finances. Personal vs Business: What’s The Difference? A personal PayPal account often covers the needs of most content creators, and at their core, the two account types operate similarly in terms of sending and receiving money between individuals and making purchases online. You can also sign up for both account types without (or before) having set up an LLC, Schedule C Corp, or...

There are many reasons a content creator would avoid creating a business bank account for themselves. Sometimes it feels like an unnecessary step. Perhaps there’s paperwork to be filled out that doesn’t make sense or feels worrisome. They may already have a business PayPal account, so they feel a business bank account is unnecessary. Whatever the reason, it’s easy to keep pushing “create a business bank account” to the bottom of a to-do list. Once you’ve taken the time to open one, though, you’ll find there are many benefits to having it. Simplify Your Finances The most important reason to have a business bank account is that it makes the process of separating content creation finances and personal finances a much simpler task. With two separate accounts, there’s no need to worry about deciding which of the many lines on a bank statement belong to you and which to your...

The rest of this course is available to Accelerated Members.
Log in or upgrade your membership to see the rest of the content!

Disclaimer: This site is a participant in the Amazon Associates Program and will, at times, include affiliate links, from which it will earn commission.