
- This event has passed.
Opening Business Accounts, Webinar
October 15, 2019 @ 10:00 am - 12:00 pm CDT
Click Here for More Information
Covered Topics
- Understanding Risk From the FI Perspective
- Business Account Documentation – Internal, County, and SOS Documents Available
- Business Modification Requirements – When Ownership Changes
- Signature Card Contracts and Resolutions – Purpose and Proper Completion
- How Our Bank Lost $100,000 By Not Executing the Corporate Resolution Properly
- Understanding Risk From the Client’s Perspective
- Business Taxation Options and Why We Care
- Why are there so many types of business entities available?
- Which business types are required to obtain an EIN and which may use a SSN?
- Are all signers on business accounts subject to OFAC, ChexSystems, and CIP requirements?
- Sole Proprietorships
- General (GP), Limited (LTD), and Limited Liability Partnerships (LLP)
- Limited Liability Limited Partnerships (LLLP)
- Limited Liability Company and Series LLC (LLC/SLLC)
- LLC – W9 Requirements – Determining Business and Tax Classification
- Profit and Non-Profit Corporations / Professional Corporations
- Professional Associations (PA)
- Nonprofit Associations and Charitable Organizations
- Escrow / Agency / Intermediary
- Interest On Lawyer Accounts (IOLTA)
- Public or Governmental Units
- Removing an Owner or Non-Owner as a Signer
- Access at the Death of a Business Account Signer/Owner
- FinCEN – New Customer Due Diligence Effective 2018