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.
Understanding designations, rules, and authority on all types of business accounts can ensure your credit union is taking the proper precautions and can assist in avoiding costly errors. This is a must-attend session for all who open business accounts and for those who train or supervise in these areas!
Changing signers on business accounts
What happens when a business account owner dies?
Can a business account have a pay-on-death designation?
Can a partner remove another partner?
How can you give debit cards on business accounts? Where is the liability?
How do customer identification programs (CIP) work on business accounts?
Can we have a power-of-attorney on a business account?
With a complicated limited liability company, how do you know who is authorized to remove a signer when they are all managing members?
What are the CIP requirements for multi-tiered business accounts with businesses owning businesses?
What is disregarding an entity for tax purposes and how does that affect account styling?
Resolutions, signature cards, and endorsements
And much, much more…
WHO SHOULD ATTEND?
This informative session is directed to member service representatives, branch managers, lenders, training and branch administration, and tellers in the commercial area of the credit union.
ABOUT THE PRESENTER – Deborah L. Crawford, gettechnical inc
Deborah Crawford is the President of gettechnical inc., a Baton Rouge-based firm, specializing in the education of financial institutions across the nation. Her 27+ years of experience began at Hibernia National Bank in New Orleans. She graduated from Louisiana State University with both her bachelor’s and master’s degrees.
Debbie specializes in the education of financial institution employees and officers in the area of deposit account laws, new account documentation, insurance, complex compliance regulations, and IRAs.
PLEASE NOTE: Your registration fee allows you to have one telephone connection. However, as many people as you like may listen from your office speaker phone. If you register for the webinar, your registration fee also includes one internet connection from a single computer terminal.
THREE REGISTRATION OPTIONS
1. LIVE WEBINAR
The LIVE WEBINAR option allows you to have one telephone connection for the audio portion and one Internet connection (from a single computer terminal) to view online visuals as the presentation is delivered. You may have as many people as you like listen from your office speaker phone. Registrants receive a toll-free number and pass code that will allow entrance to the seminar. The session will be approximately 90 minutes, including question and answer sessions. Seminar materials, including instructions, pin number, and handouts will be emailed to you prior to the broadcast. You will need the most current version of Adobe Reader available free at www.adobe.com.
2. ON-DEMAND WEB LINK** AND FREE CD ROM*
Can't attend the live webinar? The ON-DEMAND WEB LINK** is a recording of the live event including audio, visuals, and handouts. We even provide the presenter's email address so you may ask follow-up questions. Approximately 1 week prior to the webinar, you will receive an email with the web link. This web link can be viewed anytime 24/7, beginning 6 business days AFTER the webinar and will expire 6 months after the live program date. But there's more . . . AS AN ADDED BONUS, you will also receive a FREE audio/visual CD ROM.* The CD ROM includes the original audio/visual presentation, the question and answer sessions, and the handouts. Use the on-demand link or this "off-the-shelf" training program for those that could not attend the live seminar and for future training.
3. BOTH LIVE WEBINAR AND ON-DEMAND WEB LINK** (INCLUDES FREE CD-ROM*) Includes options 1 and 2 above
*CD Rom for PC use only
**All materials are subject to copyright and intended for your credit union's use only.
NEW! Listen on your iPad, iPhone, or Android. Instructions will be emailed to you with the on-demand link.
$199.00 Webinar per connection
$199.00 Archived On-Demand Web Link & Free CD ROM
$249.00 Both Live Webinar & Archived On-Demand Web Link & Free CD ROM
TIME: 3:00 p.m. - 4:30 p.m.
To register and pay by check, email firstname.lastname@example.org and your credit union will be invoiced. To register and pay online, click here.