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#500 - 01/22/01 06:02 PM FDIC Insurance
Dimple Davis Offline
New Poster
Joined: Jan 2001
Posts: 0
Columbus,Ga., USA
Is an account for a Limited Liability Company considered a seperate ownership catergory for purposes of determining FDIC insurance coverage?

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General Discussion
#501 - 01/22/01 07:16 PM Re: FDIC Insurance
Andy_Z Offline
10K Club
Andy_Z
Joined: Oct 2000
Posts: 27,750
On the Net
Ownership categories are:
1) Single Ownership
2) Joint Ownership
3) Revocable Trust
4) Irrevocable Trust
5) Corporation/Partnership/Unincorporated Assoc.
6) Depository Institution as Fiduciary
7) Retirement/Employee Benefit Plans
8) Public Unit

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Andy Zavoina
Opinions stated are not necessarily that of my employer.

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My opinions are not necessarily my employers.
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#502 - 01/22/01 11:15 PM Re: FDIC Insurance
John Burnett Offline
10K Club
John Burnett
Joined: Oct 2000
Posts: 40,086
Cape Cod
I'd plug it into the corporate/partnership, etc. slot. It gets lumped with business accounts and the LLC gets a whopping 100 G's coverage, regardless of how many accounts it has.
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