0
What else can I help you with?
What is an example of a corporation?
Corporation is a legal entity created under state laws which can open a bank account, purchase property, enter into contracts and operate a business
What is example of corporation?
Corporation is a legal entity created under state laws which can open a bank account, purchase property, enter into contracts and operate a business
What is An example of corporation?
Corporation is a legal entity created under state laws which can open a bank account, purchase property, enter into contracts and operate a business
Can a power of attorney and proprietor both operate an current account?
Yes. Both the owner/proprietor of a bank account and the person to whom they have given power of attorney can operate a bank account. Actually a person with power of attorney is as good as the person (in legal terms) itself and so they both can operate the bank account without any issue.
What is the function of ATM?
The ATM allows an operate to withdraw money from their account without actually going to their bank.
When two people open a bank account together you call it a?
It is called a joint account. A joint account is one when two or more people agree to operate a bank account in a joint/collective manner and are together responsible for the activities in the bank account. One party can carry on with transactions in the account with or without the knowledge of the other holders of the account
What is a disadvantage of a joint account?
The disadvantages of having a joint account areEither party can operate the account without the knowledge of the other partyThe bank cannot be liable to entertain claims when one party withdraws money without the knowledge of the other
Can money be garnished from your business bank account for a shortage on foreclosure?
Whether your money can be garnished depends on the type of business you have. If you have a corporation, your personal liabilities are separate from your business liabilities, which means your corporation's bank account will not be garnished.
How many digit in corporation bank account number?
A Corporation Bank account number typically consists of 15 digits. However, it's important to note that the format may vary slightly depending on the type of account or the specific branch. Always check with the bank for the most accurate information regarding your account details.
Is it possible to have a debit card without a bank account?
No, it is not possible to have a debit card without a bank account. Debit cards are linked to a bank account and are used to access funds deposited in that account.
Can a bank reopen a closed account without your permission?
No, a bank cannot reopen a closed account without your permission.
Does an LLC have to have a business bank account in order to operate legally?
Yes, an LLC is required to have a separate business bank account in order to operate legally and maintain the limited liability protection that the business structure provides.
