A stop payment on an LLC account has been requested. It's on an ACH item that is from the same company every month, usually the same amount every month but on occasion it will be a different amount. How long should this stop payment be good for? The account is a business account so it's not subject to Reg E.
I have two customers, Harry and Larry, that have had checking accounts with our bank for more than 30 business days prior to opening a new business account titled xxxxxx LLC. Would this be considered a new account per Reg CC guidelines since the business has not had any accounts with our bank?
We have a business account with approximately 8 authorized signers and a qualifying transaction from the night drop. On the CTR, I understand that the Night Drop explains why you have not identified a conductor, but do I list all the authorized signers on the account (all parties benefit from deposits) or just the business?
Is a bank required to give its business customers a schedule of fees?
Can an LLC earn interest on a bank account?
When a business has changed ownership where the existing corporation has been purchased by a new LLC and the new LLC would like to continue using the existing trade name, what documents should we obtain from the new customer? For example, ABC Inc. has been sold to Alphabet LLC, and Alphabet LLC wants to continue doing business as ABC.
Have you heard of a 2 member (husband and wife) LLC having a disregarded entity and one of them able to use their Social Security number to open a bank account? I thought they would need an EIN number.
We have a new business that wants to open an account. The business is a US corporation but it is owned by Canadian individuals. All the paperwork is here for being able to conduct business in the states. My question is when I do the paperwork for the individual owners, do I need to make sure they sign a W-8BEN too?
I have a group of customers who want to open a business account. The account owners will be a Partnership (with a partnership agreement with accompanying EIN) and two individuals. There is no formal partnership agreement amongst these three entities (Partnership, Individual A, Individual B). Would this be classified as a partnership, and what EIN should be used?
Does a business need a new EIN number if they change the business name and change the business from a partnership to a sole proprietorship?