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#2193999 - 09/27/18 02:17 PM IOLTA account
lucyc Offline
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lucyc
Joined: Jul 2007
Posts: 1,074
An attorney, who is registered with the state bar, wants to open an iolta account without registering for a business license since he is working from his home. Is he required to obtain a business license?

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Deposits and Payments
#2194010 - 09/27/18 03:10 PM Re: IOLTA account lucyc
praBSA Offline
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Joined: Aug 2018
Posts: 348
I don't believe so. His registration with the bar is proof enough he can practice. An IOLTA can be opened for business he conducts as himself as attorney.

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#2194014 - 09/27/18 03:23 PM Re: IOLTA account lucyc
edAudit Offline
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edAudit
Joined: Jul 2008
Posts: 4,796
You are here
it would be a matter of state law.

In NY it would be good if he is operating under his own name,

add Inc., LLC or a different name paperwork is required
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#2194037 - 09/27/18 04:33 PM Re: IOLTA account lucyc
lucyc Offline
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lucyc
Joined: Jul 2007
Posts: 1,074
Thank you.

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#2194042 - 09/27/18 04:56 PM Re: IOLTA account lucyc
praBSA Offline
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Joined: Aug 2018
Posts: 348
Should have prefaced that by the fact that I am also in NY.

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