Skip to content
BOL Conferences Top Gun 23
Thread Options
#1668109 - 02/22/12 01:39 PM Learning CTR's again
mdog76 Offline
Platinum Poster
Joined: Jan 2007
Posts: 645
If a business owner withdraws enough cash for a CTR from their business account, does both business and business owner get listed as benefactor on the CTR? It can be determined from the withdraw slip that the funds are for business related expenses.

Thanks for the help

Return to Top
#1668111 - 02/22/12 01:43 PM Re: Learning CTR's again mdog76
JacF Offline

Power Poster
Joined: Nov 2001
Posts: 6,719
If the funds are for business related expenses, then the business would be the beneficiary (Section A) and the owner is the conductor (Section B).

Return to Top
#1668116 - 02/22/12 02:03 PM Re: Learning CTR's again mdog76
nemsi Offline
Gold Star
Joined: Nov 2005
Posts: 383

If funds are withdrawn for business purposes identify the business in Section A and the individual conducting the transaction in Section B- assuming the business is not a sole proprietorship.

Return to Top

Moderator:  Andy_Z