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Multiple Beneficial Ownership Certifications—BIG NO!

Answered by: 

Question: 
If we have a multi-tiered business account, do we get beneficial ownership certification on every tier?
Answer: 

No, the top tier is all that is required. The top business is your customer. You may consider getting a resolution on every tier so you can document who can sign for the top business.

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Learn more about Deborah Crawford’s Opening Business Accounts 2023 webinar.

First published on 01/22/2023

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