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Where did the English obtain the funds necessary to start the colony?
joint stock company
Why final account is necessary in joinstock company?
Final accounts are essential for a joint-stock company as they provide a comprehensive overview of the company's financial performance and position over a specific period. They include the balance sheet, income statement, and cash flow statement, which are crucial for stakeholders, including investors, creditors, and management, to assess profitability, liquidity, and overall financial health. Additionally, final accounts ensure compliance with legal and regulatory requirements, fostering transparency and accountability. Ultimately, they aid in informed decision-making and strategic planning for future growth.
Can saving account be for a single individual or joint or company?
Savings accounts is meant for individuals and joint . Companies uses the Fixed Account for their regular transactions and eligible for the overdraft facility from the banker.
If you have a joint checking account in Michigan can a credit card company freeze the account?
Yes, if a creditor wins a lawsuit and is granted a judgment, said judgment can be enforced as a bank account garnishment. A joint account (even a marital one) is subject to attachment to the extent of the debtor's share.
What happens to a joint savings account when one person dies?
The bank must be notified so they can place appropriate notes on the account and take whatever other action is necessary. The funds belong to the other joint owner who may continue to use the account as usual.
Can a collection company attach a joint account?
Yes, a collection company can potentially attach a joint account if one of the account holders owes a debt that is being pursued. In many jurisdictions, creditors can access funds in joint accounts to satisfy debts owed by one of the account holders. However, the rules can vary based on state laws and specific circumstances, so it’s advisable to consult a legal expert for guidance tailored to your situation.
What is the difference between a joint account and a beneficiary to a bank account?
a joint account is an account that is joint together for an opening account. While beneficiary account are people that gain some promo from the bank
How are joint cash management accounts for a married couple after one has died?
If the account was originally set up as joint tenants with the right of survivorship then full ownership passed to the surviving joint owner. A copy of the death certificate should be sent to the company holding the account.
What happens to a joint bank account with 2executors are on it the other primary holder dies what happens to the bank account?
When one of the primary holders of a joint bank account dies, the account typically remains active, and the surviving joint account holder retains access to the funds. If there are two executors on the account, the surviving executor can continue to manage the account as per the terms of the account agreement. However, it may be necessary to provide the bank with a death certificate and possibly undergo additional legal processes depending on the jurisdiction and the specific terms of the account.
Can the credit card company place a judgment on you if they say you're the coapplicant of your deceased husband but they don't have the original signatures or your SS number and can they make you pay?
If you are on the account as a joint account applicant/holder you are responsible for the debt. Likewise if you reside in a community property state it is not necessary for you to be the account holder, as debts and assets are considered joint and equally owed and owned, regardless of whose name is on the account. Wisconsin does have CP laws concerning debts that differ from the rest of the community property states.
Can I deposit a joint check into my account?
Yes, you can deposit a joint check into your account if both parties are listed on the check and are joint account holders.
What is the process for opening a joint account that requires two signatures?
To open a joint account that requires two signatures, both account holders must visit the bank together, provide identification and complete the necessary paperwork. Both individuals will need to sign the account agreement and any other required documents to finalize the account opening process.
