Friday, January 15, 2010

Business Account No Credit Check Business Checking Account With No PERSONAL Guarantee?

Business Checking account with no PERSONAL guarantee? - business account no credit check

I have a new company (LLC), and you want to open a current account transaction. All the conditions I need to find the online entrepreneurs and the attorney personally liable for the debts, etc.

I am sure that if Microsoft wants to open a checking account, Bill Gates is not required to personally guarantee the account.

Is it something that the banks know, the desire to give a new company (LLC or INC. a checking account) without a personal guarantee?

(I'm not talking about business loans, a report on the review format.)

Thank you!

1 comment:

Frank - Wachovia Banker said...

Good question.

Since the Patriot Act, which will have a difficult time with. In the past, banks used to initiate the dissolution of a limited liability company request. This has acted on the signature card of a liability for senior management. But now, even the banks do, savings bonds and license agreements. This is the document that you are actually. I called a good friend of mine who works for a small credit union in Tampa, FL to raise this question at him. Apparently demand for small credit unions in the same communities. As for your example, the bill would not subscribe necessarily to himself, but one of his division would be directors. Assuming that Microsoft customer service department needed checking account business. Let us assume that the division a separate tax identification number of the holding company had. The president of customer service to act as principal or guarantor signatories of the account.

That being said. They are an LLC. This means that the responsibility, in theory, be limited toThings that are created in the LLC.

It's a bit of a gray area. It is not the law. To these materials to decide case-by-case basis.

I have one parent who is a lawyer who says you can break a binder, if LLC members who mananging by almost all "interests" of a part of the exposure time of sentencing. It has real estate holding companies, a number of times in St. Petersburg made as part of his time with the state Division of Fair Housing.

In defense of the banks. The company accounts are generally more succeptibles the laundering of terrorist money. Layers - an integration of illicit funds into funds of legal theory can be identified quickly and discouraged when concluding such agreements. Without these documents, it is increasingly difficult for individuals to pursue fraud against the liquidity of banks. Ask the Compliance Officer of a bank in the difficulty of judging people, accounts, business fraud and bank for money to open and then leave. These are all examples. More money taKen Bank means less interest to our customers paid means less customers means making the big boxes that less money in the reserve for loan .. you get the idea.

Now it could be a bank or credit union, or something that you will do it. I think it is in Puerto Rico or one of the outer islands, however. I do not know know exactly what is on the process of opening an account.

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