We have a customer wanting to open an Professional Limited Liability Company. What should the bank get for documentation? Do we need the
Admission to Transact Business and Articles of Organization?
We have a LLC wanting to open a DBA under the LLC. The TIN number and the Article of Organization only has the LLC's name.
1. Does the LLC need to get an Certificate of Assumed Name filed with the Secretary of State?
2. Will they have to file the DBA at the county also? (We know at this time the DBA is filed under someone else's name at the county currently.)
Can a corporation sweep from a personal account? We say no but are checking what you think?
We have a customer trying to open a business account. He has provided us with a 2017 Tax Return, which gives us the Tax ID under which the business is operating. I typed this Tax ID number into the Texas Comptroller of Public Accounts website and got a hit, showing that the business is in good standing. However, the name that was listed has been changed since the Comptroller website was updated (surprising since the 2017 Tax Return reflects this change).
The company is not currently operating and, therefore, the individual opening the account does not have access to documentation of the name change for the Secretary of State office. The question is, do we have what we need to open the account? The tax return and Comptroller website verify that the Tax ID number is valid and in Good Standing, but they disagree on the business name.
A corporate CD signer passed away. The daughter and son would like to be added to said CD. On the State of Florida's Division of Corporations web site, both son and daughter are registered for the corporation. The daughter shows as a registered agent, and the son as officer/director plus there is a third person who is also as officer/director.
Can we add the daughter and son as signers on CD? Do we have to add the third person as well, or does a court document and/or trust need to be presented showing son/daughter/3rd person as either owners/trustees before adding the names?
We have a single-member LLC using an EIN number. The member is asking what happens to the account when he passes away, will it go to his estate or does it need to be in his business papers to show where is goes? The account is held in Iowa and they run the business out of Minnesota.
Options For Placing Holds On Large Overseas Checks
by Mary Beth Guard, BOL Guru