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#1218209 - 07/16/09 06:31 PM CTR Question (Brain lapse!)
Fallgirl Offline
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Fallgirl
Joined: Mar 2005
Posts: 432
Wisconsin
How to fill out this CTR:

Customer is XYZ Inc that is DBA XYZ Restaurant. John and Jane Doe are the two owners of XYZ Inc. Jane comes in and makes several deposits which aggregated are over $10K.

My inital thought was XYZ Inc, DBA XYZ Restaurant was beneficiary and Jane Doe is the conductor. But because it is a small corporation owned by just the two individuals, wouldn't they be beneficiaries as well? If they are then how do I fill out the CTR?

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#1218221 - 07/16/09 06:39 PM Re: CTR Question (Brain lapse!) Fallgirl
BrendaC Offline
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BrendaC
Joined: Sep 2001
Posts: 6,029
Sweet Home AL
Not for a formally organized business such as a corp or LLC. Business and account owners of any other accounts affected by cash deposits (cash ins) are the benefactors. She is the conductor.
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#1218244 - 07/16/09 07:16 PM Re: CTR Question (Brain lapse!) BrendaC
Fallgirl Offline
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Fallgirl
Joined: Mar 2005
Posts: 432
Wisconsin
That was my initial thought, but then I overthought it thinking it's a small business she's the owner and would be a beneficiary as well. What you're saying makes sense.

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