We have a deposit account customer that is a sole proprietor and a service provider. The customer has several assumed names under the same professional association (PA), all registered with the Sec of State. If we document the assumed names, can we accept checks made payable to the various payees of which he has assumed names filed for?
For example: John Smith, PA - is registered as with the Sec of State. John Smith has assumed names for Lawyers Services and also for Referral Services. Can we accept checks payable to Lawyers Services, Referral Services and John Smith, PA?