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Is it illegal to deposit a business check into a personal account?
Yes, it is generally not illegal to deposit a business check into a personal account, but it may be against the bank's policies. It is recommended to have a separate business account for business transactions to keep finances organized and for tax purposes.
How can one save money in an organized and fashionable way?
The easiest way is to set up an automatic debit against your paycheck or checking account at your bank, with a specified amount being automatically taken from your paycheck or checking account and deposited into a savings account.
If you inherit your fathers small business when he dies and and you take over the business are you resposible for his credit card debt?
If the credit card is drawn against the business, that is if it is a business account, then yes. If the card is a personal card, then his estate is responsible for payment of any outstanding debt. Since the business is part of his estate, if in probate it is determined that the business owes the debt, then yes, you or rather the business is responsible.
Can someone press charges against their spouse for using their individual checking account in Florida?
If the spouses name isn't on the account, it's illegal. If the spouse signed your name, it's forgery.
A way to protect the personal assets of an investor against losing everything if a business fails?
LIMITED LIABILITY
Is it illegal to deposit a business check into a personal account?
Yes, it is generally not illegal to deposit a business check into a personal account, but it may be against the bank's policies. It is recommended to have a separate business account for business transactions to keep finances organized and for tax purposes.
Definition of checking account?
an account at a bank against which checks can be drawn by the account depositor.
Can you press criminal charges against the majority owner in an S-corporation for taking money from the business bank account for personal use?
Yes, the business activities must remain separate from personal activities.
Can a credit card issuer access a personal checking account to pay an account that has been written off?
If there is a valid judgment against the account holder, the judgment creditor can levy the bank account to recover the monies owed according to the terms of the judgment and the laws of the state in which the account is held.
Can you borrow against personal savings account?
Yes. You can always "borrow" against your own funds. You can apply for a loan or just withdraw the amount you need from your personal savings account.
Banking service where a customer can write orders to pay against the money he has available in his account?
checking
Can a husband file charges against wife for taking money out of business account?
The CORPORATION whcih owns the business account can bring suit against the wife, but the husband, in his own name, may not.
How can one save money in an organized and fashionable way?
The easiest way is to set up an automatic debit against your paycheck or checking account at your bank, with a specified amount being automatically taken from your paycheck or checking account and deposited into a savings account.
Can I open a savings account if I have a judgment against me?
Yes, you can open a savings account if a bank allows you to. Usually banks are not as strict with savings accounts as they are with checking accounts.
What are some of the obstacles with getting a bank account with bad credit?
It can be hard to open a checking account if you have had a bankruptcy court judgment or bad credit against you. Some banks like NatWest will let you open a Step Account where they track your record for a period of time, then let you move up to a regular account with checking.
In the State of Michigan can a joint checking account be garnished if only one person on the account has the judgment against them?
In Michigan, a joint checking account can potentially be garnished if one person on the account has a judgment against them. The funds in the account are typically seen as joint property, meaning they can be used to satisfy the debts of any account holder. However, there may be exceptions if the non-debtor can prove that the funds in the account are solely theirs. It is advisable to consult with a legal professional for specific advice regarding your situation.
If you inherit your fathers small business when he dies and and you take over the business are you resposible for his credit card debt?
If the credit card is drawn against the business, that is if it is a business account, then yes. If the card is a personal card, then his estate is responsible for payment of any outstanding debt. Since the business is part of his estate, if in probate it is determined that the business owes the debt, then yes, you or rather the business is responsible.
