02/26/2023
Can a check payable to an LLC be endorsed over to a corporation?
We have a customer that is wanting us to accept checks made payable to his LLC and allow him to deposit them into his corporation account.
05/02/2021
Can a single member LLC have a POD?
07/26/2020
We have a business account for a corporation. The owner and only signer on the account has passed away. The articles of incorporation only have him listed. What do we do to keep his business running and his employees paid?
05/26/2019
If you see large dollar transfers from a person's business account (an LLC) to a person's personal account, and then you see large AMEX payments on both accounts, would you consider that co-mingling funds?
05/19/2019
Can a corporation sweep from a personal account? We say no but are checking what you think?
05/05/2019
If only 1 person is 100% of the corporation can they name a POD on the checking account?
09/16/2018
I have a question on the state registrations that we request from a business that is opening deposit accounts. We request the registrations for the business based on that states that they do business in. For example: a business registered in DE (but no office) but has an office that they operate out of in NH – we would request the businesses DE registrations & NH state registration as a foreign entity. We’re getting a little push back on this practice, and I’m hoping that someone can point me in the direction of if this is a regulatory requirement, or more of a business practice?
06/24/2018
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?
11/19/2017
We have an LLC which back in 2008 had one DBA name associated with it. In 2012 there was another addition on the Iowa Secretary of State's records showing a new DBA name attached to the LLC. Then in 2015 there was yet another DBA name was added to the account.
Can an LLC have more than one DBA name on the same bank account, or should she have separate bank accounts for each? The customer prefers one.
10/18/2015
Our revised signature cards require us to indicate whether a corporation is an "S" or a "C" and the tax classification of an LLC (C corp, S Corp or Partnership.) Why is this information pertinent for a deposit account?