Opening Deposit Accounts for Limited Liability Companies: Documentation and Procedures

Deborah Crawford

Deborah Crawford is the President of gettechnical inc. She specializes in compliance and regulations for the deposit side of financial institutions. Her 20+ year career in banking and training began at Hibernia National Bank. She has been a seminar leader for many state associations and credit union groups across the nation. She has Bachelors and Masters degrees from Louisiana State University.

Wednesday, April 4th, 2012
10:00 am - 12:00 pm CT

One of the most interesting types of businesses, is also the most complicated. In this program learn how to open, document, change signers and handle the paperwork on these amazing accounts. From the single member to the multiple member, LLC we will cover all the definitions, tax reporting, CIP and due diligence issues for opening the deposit account of an LLC. You will receive a state specific chart and help with understanding the ins and the outs of these deposit relationships.

What You Will Learn:

How to open and document the LLC for Customer Identification Purposes
Who are managers, members, and signers
What is an operating agreement both written and oral
Documents at account opening
Resolutions and Signature Cards
SSNs, EINs and when to use what
Disregarding the single member owner for tax purposes
Changing members and signers
Multi-tiered LLCs where businesses and trusts are members
LLC "doing business as"
Beneficial ownership of the LLC

Who Should Attend?

New Account Representatives, Business Bankers, Personal Bankers, Commercial Loan Assistants, Branch Managers, Training and all Frontline Personnel.

Sign Up!

6-Month OnDemand Weblink - $ 255: Includes a weblink for unlimited viewing for 6-months after the date of the webinar as well as a link to handouts. Does not include live session.
CD-ROM and Hardcopy Handouts - $ 295: CD-ROM plus Hardcopy Handouts. Does not include live session.