Opening Business Accounts: Complex Business Structures (Web)


Member Fee:  $165 per connection 
Non-Member Fee:  $265 per connection 


Today’s business structure environment is very complex. You will open many types of business accounts with multiple layers of ownership. This program will focus on different structures and common errors. When is an account a “dba” and when is it disregarded? When is it an agent and when is it a sole proprietorship? There are many mistakes made by financial institutions because of lack of understanding of business structures.

Program Topics:  

  • Sole Proprietorship with trust as owner
  • Corporation with a dba
  • Partnership with LLCs as partners
  • LLC with single member as a person
  • LLC with single member as a business
  • LLC with multiple members who are both people and businesses
  • How do we drill down
  • How do we get beneficial owners and controlling person
  • What if the customer lies
  • What if the customer’s business structure changes, is sold, is dissolved
  • What happens in the business when a principal dies

This webinar will benefit new accounts representatives, personal bankers, loan officers, branch managers, training, head tellers, supervisors, branch administration and compliance.

Deborah Crawford is the President of gettechnical, Inc. a Baton Rouge-based firm, specializing in the education of banks and credit unions across the nation. Her 27+ years of  banking and teaching experience  began at Hibernia National Bank in New Orleans. She graduated from Louisiana State University with both her bachelor's and master’s degrees. Deborah's specialty is in the deposit side of the financial institution where she teaches seminars on regulations, documentation, insurance and Individual Retirement Accounts.


When
11/15/2021 3:30 PM - 5:00 PM
 

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