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#1937805 - 07/03/14 05:30 PM Business documentation for "Lego League" account?
BBoyd Offline
Diamond Poster
Joined: Mar 2002
Posts: 2,494
We have an office with a customer opening an account in the name of "Lego League." They have an EIN, they have meeting minutes saying who's authorized, and they'll CIP the authorized signers. Is there anything else the entity should provide for CIP purposes? They're not a sole proprietorship, corp., or LLC - they're just an unincorporated association. We're thinking they're good to go... Right?
Opinions are mine and never to be taken as legal advice!

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#1937810 - 07/03/14 05:35 PM Re: Business documentation for "Lego League" account? BBoyd
RockChucker, CAMS Offline
Diamond Poster
Joined: Jul 2013
Posts: 1,691
The Country
I would watch the checks as they come in for deposit. I have seen people set up "leagues" and so forth in the names of legitimate businesses so that they can negotiate checks intended for that business through the unassociated/unauthorized league.
A successful man is one who can lay a firm foundation with the bricks others have thrown at him.
-David Brinkley

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