If a customer wants to open an account as a single member (or sole member) of an LLC, but the single member listed on the Formation of LLC paperwork is the customer's single person revocable trust, can the customer still use their SSN to open the LLC account or should they get an EIN for the LLC since the single member is a trust?
1.Does a customer have to have a TAX ID# if it is listed under sunbiz (the Florida Secretary of State's website for businesses) as an LLC?
2. Can an LLC use two name for the same loan number, such as its LLC name and a DBA?
Does a Joint Venture have to have its own TIN? Can it use the social security number of one of the owners?
When filing a CTR on a sole proprietorship where the owner has a separate TIN for the business, which do we supply on the CTR- the SSN for the sole proprietor or the TIN?
If I have a customer that has a Sole Proprietorship/DBA and the business issues a check to him in his name and he cashes it do I need to include the DBA information in Section A and his information in section B or just his information in Section A? What would be checked in part II?
When you have a joint account and the tax reporting owner passes away, can you just change the SS# on the account to the surviving party and leave the account open or should you close that account and open a new account?
When a company or organization has multiple accounts with same TIN and different addresses, should CTRs be filed with different section A entries or under just one? Which address should be used? For example, School District with different schools depositing into multiple accounts with the same TIN or different Boy Scout Troops with same TIN, different addresses.
What are the proper procedures to CIP for an attorney-in-fact (AIF) under a power of attorney? My question comes from an instance where we have a CIP grandfathered Amish customer and they would like to add someone to their account that doesn't have a TIN and refuses to get one. They went to an attorney to get around the CIP restriction and made him an AIF so he wouldn't have to go through the normal CIP process. Is an AIF considered a customer under 103.121?
For a business checking with husband and wife using a Federal ID tax number, can they use business interest checking?
I have an account that was opened by an an LLC. They also are a DBA but that was not added until now. Do I need to do a new Patriot Form with the DBA on there or can I add it to the existing one, since the TIN and everything are the same? From an examiners point of view, should a new one be done or not?