LibraryScenariosWhen business banking requires expensive formalization
Scenario

When business banking requires expensive formalization

I tried to open a business bank account for my house cleaning service but they wanted an LLC and tax ID numbers and business licenses I can't afford to get.

Zera
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More people experience this than they realize.

What we've seen

The infrastructure meant to support entrepreneurship systematically excludes the informal economy where many people actually work.

Ideas that help explain it
Worth thinking about

“Where Are You with Financial inclusion and the unbanked?”

If this sounds familiar, the Library can help you find the bigger picture.