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What are the legal bits that the business have to take into account?
Wiki User
∙ 12y ago
Copyright. (Name of the business)
Wiki User
∙ 12y ago
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Can legal order take money from a joint account?
Yes. The holders of the joint account are equal stake holders in the account and a legal order to receive payment from one of the account holders is enough to withdraw/take funds from a joint account.
Can banks take money from your personal account if your business account is negative?
yes
Where can you cash a 33000.00 government check without a business account?
The only way to cash a check that large might be to take it to a bank and open a business account, or you may be able to deposit into a personal account. If it is for payment to a business, opening a business account might be your only choice.
Is it legal for Husband take your credit card from purse?
If it is a joint account. probably not.
Is it legal for a bank to take money out of your other accounts if it's a joint account is in the negative?
no
What are the considerations that you need to take into account?
To effectively start a business from the ground up?
Can a guardian open joint account of his two children?
A legal guardian is required to take care of all aspects of the children in question. (Within legal limits) Underage children should have a bank account, it should be a joint account or similar to protect the children and the legal guardian would be the person to do this.
How long does it take for a check to deposit into a Wells Fargo account?
When one makes a deposit into a Wells Fargo account before the cut-off time on the current business day, the amount will be credited to the account on that same business day. If it was deposited after the cut-off, or on a non-business day, the amount will not be credited to the account until the next business day.
Is it legal for business owner to take large amounts of money for personal use disquised as a business expense?
No, this is called embezzlement.
When the owner issues a check to pay their bill known as a draw what happens?
As a business owner, you may be paid a salary, or you might take a draw as an owner. How you receive money from the business depends on the type of business. If you are an owner of a sole proprietor business, you can take a draw from the business for personal expenses. This draw is not a deductible business expense; it's just money you take from profits (assuming there are profits!) to pay personal bills. When you take a draw, you should write a check to yourself from the business checking account and deposit it in your personal checking account.
How Much Time It Will Take For Me To Get The Access To Funds?
You can draw down in your business line of credit on your nominated business bank account on the same day your loan application is approved. Funds transferring to your account can take 1-3 days based on your lender.
Is it legal for a parent to take access to their child's bank account?
If the child is an un-emancipated minor, yes.
