Webinar: Business Accounts:
Who is Authorized to Open, Close, Transact?
Tuesday, August 26, 2014
2:00 - 3:30 pm CST
Speaker: Mary-Lou Heighes, Compliance Plus, Inc.
About the Program
Corporations, partnerships, LLCs – with so many business
entities, it can be challenging to determine who is authorized to open,
close, and transact business. Who is authorized to handle accounts on
behalf of the business? What types of documentation will you need to
show proper authority? What are the pitfalls of using consumer
agreements and disclosures instead of business account agreements,
signature cards, and disclosures? How are businesses qualified for
membership in the credit union? This webinar explores all of these
issues and more.
Differences between types of business entities
Paperwork and documentation pertaining to each entity
Determining who has authority to transact on behalf of a
Establishing eligibility requirements for the business and/or
CIP/BSA/AML, OFAC, and other regulatory requirements for business