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Joint Business Account of Two Corporations
by Randy Carey, BOL Guru
Guru Bio
Question: We have a customer who was two corporations and wants to open a joint business account. The account would include both corporate names. The customer's accountant suggested this. Is this possible?
Answer: The two corporations would be forming a partnership and would have to provide appropriate documentation supporting that fact. As far as I am aware, two separate corporations cannot be joint account holders.
First published on BankersOnline.com 2/26/07
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