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#2199038 - 11/26/18 07:46 PM Business Account Styling
ineedhelp Offline
100 Club
Joined: Mar 2014
Posts: 169
Management mentioned opening a business account for a legal entity in the name of the entity such as ABC, Inc with a joint owner as the individual owner of the company. I was thinking this wasn't possible for a business account. The funds are owned by the corporation and the owner can be a signer but not an owner of the deposit account.

Please help us to understand deposit account ownership and styling of the signature card on corporations and LLC's.

Thanks

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#2199346 - 11/29/18 01:29 PM Re: Business Account Styling ineedhelp
rlcarey Online
10K Club
rlcarey
Joined: Jul 2001
Posts: 83,226
Galveston, TX
Just tell him no and suggest he talk to his attorney about piercing the corporate veil.
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