Living Trust Owner of LLC-Account Titling

Posted By: ComplianceGurl, CRCM

Living Trust Owner of LLC-Account Titling - 10/13/09 08:48 PM

Example: ABC Services, LLC., owned 95.5% by John Doe and .5% by John Doe Living Trust, John Doe Trustee.

Our customer wants to deposit a check payable to John Doe Living Trust into his ABC Services, LLC account. Is this ok? Or can we put John Doe Living Trust on the 2nd line of the account title? I'm trying to find a way to let him deposit these checks without having to open a separate account. Any ideas? THANKS!!!!!!