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#2148035 - 09/28/17 09:25 PM Sole Proprietor requirements
danyielg Offline
Gold Star
danyielg
Joined: Jun 2007
Posts: 412
OK
We currently don't require our new sole proprietor accounts to provide proof of registration with the State of Oklahoma. Should we be? I'm curious to know what other banks are doing.

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#2152207 - 11/02/17 10:00 PM Re: Sole Proprietor requirements danyielg
Soonergal Offline
Junior Member
Joined: Aug 2014
Posts: 35
We also do not require this.

http://okcommerce.gov/wp-content/uploads/2015/06/Oklahoma_Business_Startup_Guide.pdf

The document from the OK Commerce Department indicates under "Registering a Business Name" that the owner "can" see to register it for exclusive use. They are encouraged to do so. I take this to mean that the State of Oklahoma does not require you to register a DBA.

Further down in that section, it also states " that many bankers will require sole proprietors to obtain a Certificate of Fictitious Name which identifies the person who is the sole owner of the business.

It appears to be an added burden that banks are placing on sole proprietorships.

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#2152657 - 11/08/17 03:06 PM Re: Sole Proprietor requirements danyielg
HRH Okie Banker Offline
Power Poster
Joined: Jan 2003
Posts: 3,070
Oklahoma
We do not require it either.
_________________________
Just working here until I get my letter from Hogwarts.

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#2153303 - 11/13/17 07:33 PM Re: Sole Proprietor requirements HRH Okie Banker
danyielg Offline
Gold Star
danyielg
Joined: Jun 2007
Posts: 412
OK
thank you smile

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