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#2148035 - 09/28/17 05:25 PM Sole Proprietor requirements
danyielg Offline
100 Club

Registered: 06/15/07
Posts: 247
Loc: 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 06:00 PM Re: Sole Proprietor requirements [Re: danyielg]
Soonergal Offline
New Poster

Registered: 08/14/14
Posts: 8
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 10:06 AM Re: Sole Proprietor requirements [Re: danyielg]
HRH Okie Banker Offline
Power Poster

Registered: 01/14/03
Posts: 2931
Loc: 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 02:33 PM Re: Sole Proprietor requirements [Re: HRH Okie Banker]
danyielg Offline
100 Club

Registered: 06/15/07
Posts: 247
Loc: OK
thank you smile

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