Opening Business Accounts: The Big Four
$189.00
Webinar | 1 1/2 Hours | 2 Credits
Opening business accounts starts with the big four: Sole Proprietorships, Partnerships, Limited Liability Companies and Corporations. During this program, you will learn how to set-up signature cards, resolutions and document authority for the four types of common business accounts. This program is designed to develop your expertise in business ownership and authority. We will examine what happens at start-up, dissolution, change in ownership and death on each type of account. Plus, we will discuss what is new on CDD on business accounts. You will also receive a 50 state chart on all business accounts in all 50 states.
Program Topics
• New beneficial ownership rules
• Customer Identification Program rules for business accounts
• Federal disclosures on business accounts
• Sole proprietorship signature cards and resolutions
• Three partnerships signature cards and resolutions
• Limited Liability Companies—single member and multiple member signature cards and resolutions
• Corporations signature cards and resolutions
• Partnership agreements, operating agreements and minutes do’s and don’ts
• Changing signers rules to follow
• What happens when the business owner dies
• What happens when the business is sold
• What happens when the business changes types
• Disregarding an entity for tax purposes
• TIN issues
Who Should Attend
This informative session will be useful for new account representatives, customer service representatives, Member Service Representatives, branch administration, branch operations, branch managers, personal bankers, compliance, BSA and anyone who opens new accounts.
Instructor
Deborah Crawford is the President of Gettechnical Inc., a Virginia based training company. She specializes in the deposit side of the financial institution and is an instructor on IRAs, BSA, Deposit Regulations and opening account procedures. She was formerly with Hibernia National Bank (now Capital One) and has bachelor’s and master’s degrees from Louisiana State University. She has over 30 years of combined teaching and banking experience.
