Today there are several types of business accounts with many different ways to perform financial transactions. With so many business entities, it can be challenging to determine who is authorized to open, close, and transact business. In addition to opening business accounts in person, businesses bank online with debit cards and remote deposit. How are these accounts set up and then changed as the business changes? What happens when a partner or sole proprietor dies? Can you keep the same EIN if a sole proprietorship incorporates? What if the LLC members are other businesses? How do they sign? The list of questions goes on.
This is a must-attend session for all who open business accounts and for those who train or supervise in these areas!
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