If a customer has an account labeled dba using the owners SSN - may a deposit be made with cash back?
Can two separate LLC entities registered in the same state open two separate bank accounts using the same DBA, if the state and county allowed them to both register that DBA? What are the risks associated with allowing this?
Is there a better way to link related entities?
If a business wants to open an account and the store name is in their title of the LLC, is an Assumed Name required? For example: Times Market, No123 LLC wants to open a checking account for their store "Times Market" bearing in mind that there are multiple "Times Market" stores in city.
A wife requests to open a business account and add a DBA listing her husband's name. The account set up would be: Jane Doe DBA John Doe. Jane Doe is listed as the owner/signer on the account and then her husband's name listed as the DBA on the account. She also presents a letter from the IRS indicating an EIN has been assigned to John Doe with no actual business name
listed. Is this considered normal practice? Should John Doe be identified and added to the account as a signer as well?
When opening a DBA account with an SSN, is there any reason to run a ChexSystems or similar report on the DBA name? Is the same true for a trust using an SSN?
What is the proper way of reporting the beneficiaries of the following cash
in deposits in a CTR. The TIN number for all is the same #11-1111111.
XYZ Corporation (6 accounts*) $11100
XYZ Corporation dba Café,LLC (Acct 9999) $1000
XYZ Corporation dba Bake LLC (Acct 888) $600
* There is no dba in the title of the 6 accounts.
Do I need to report 3 beneficiaries to show the actual amount of cash deposited to the accounts?
Is it okay to report XYZ Corp dba Café LLC (6 accounts including acct #9999) $12100 and XYZ Corp dba Bake LLC (acct #888) $600?
Can an LLC business checking have two DBAs attached?
If there is a Non-profit Corp with a DBA, can that DBA have its own EIN? It seems that an entity with its own EIN would be a separate entity, not a DBA.
Can you list a business name DBA on a trust account?