We have an LLC where the majority owner is in long term care and has given POA to her personal representative. The Operating Agreement still lists her as the owner with 90+% ownership and we have a copy of the POA. Do we list her as the entity owner and conduct the verification the POA? Or do we list the POA only and treat the id info and verification like we would for a fiduciary account?

The attorney-in-fact is not the owner. He or she is the owner's agent, plain and simple.

The owner is listed, and the attorney-in-fact will have to provide the owner's identifying information.

John's answer is correct; however, I would question the ability of the POA to act for the LLC if the POA is for the owner in an individual capacity.

Thank you both.

That's true, Compliance Newbie. There's really no "action" the owner (or his/her AIF needs to take here). The important point is that the owner's information will be required on the BOC.