Asked and answered
POA on Behalf of Legal Entity Open Business Acct?
I am seeking your advice regarding an account we are preparing to open for a legal entity which is represented by an individual given power of attorney. The potential customer is a business registered with the Secretary of State, making them a legal entity who has given power of authority to a person that is not affiliated to the business. This person has come to open a business account in the company's name. The directors are from India and according to their Articles of Incorporation show the business located locally. Our question is, can an individual who is given power of attorney on behalf of a legal entity open an account for the business?
First published on 05/27/2019