Subscribe & download
Filter events
|
1:30pm
to
3:30pm |
|
Opening Business Accounts: Documenting Existence and Authority
(Presented By: Ken Golliher)
With business enterprises ranging from sole proprietorships to multi-state corporations, bank employees responsible for opening deposit accounts face real challenges. How do they verify that the business exists? How do they document that the people across the desk have the authority to act for the business?  | WEBINAR TIME:
11:30AM - 1:30PM PT
12:30PM - 2:30PM MT
1:30PM - 3:30PM CT
2:30PM - 4:30PM ET |
 |
 |
 |  |
Increasingly, federal laws dictate some account documentation requirements. In addition, the availability of documentation may vary considerably based on the state involved. Nevertheless, each bank establishes its own documentation requirements for the business accounts it opens. This two hour webinar explains the most common forms of organization that business customers use: sole proprietorships, partnerships, corporations and LLCs.
Why would customers choose to operate as a partnership, rather than a corporation? What's a limited partnership? Which business entities have to register with the state in order to exist? What is the significance of a "DBA" or "assumed name" registration? When do we need a "resolution" in order to follow the instructions we have been given? These issues are all addressed during the program and attendees have an opportunity to submit questions, both before and during the program.
While the program's focal points are documenting existence and authority, it will also address:
obtaining taxpayer identification numbers and certifications,
NOW account eligibility,
what compliance related disclosures are required at account opening,
carrying out and documenting your bank's customer identification program requirements,
verifying the identity of signatories, and
the effect your institution's risk analysis may have on account documentation.
Who Should Attend?
The expected audience is frontline personnel who routinely open deposit accounts for businesses and those who supervise this function. Calculate the per person costs for providing every one of your staff members who opens new accounts with a professional training program. (Remember, when you attend BOL webinars, not all of your employees have to be available the day of the program - you can access it again for up to 30 days after the program.)
The program will also benefit those who audit or review the account opening process for quality control. Program content is at the basic or intermediate level. Program content does not reflect the laws of a particular state.
The Speaker:
Ken Golliher is a principal with Pegasus Educational Services, LLC, a training firm headquartered in Louisville, Kentucky. He is an experienced banker with a unique ability to reduce complex legal concepts to plain English. He has explained the "why" and "how" of regulations to thousands of financial institution personnel and examiners. Ken's banking career began in 1972 and includes serving as a teller, commercial operations manager and as trust department legal counsel in a state and a national bank. For ten years he headed the education division of a regional consulting firm for financial institutions. He has served on the faculty of the LSU Graduate School of Banking, the OTS' Level I Compliance School and the FDIC's Advanced Consumer Protection School for examiners. He has presented seminars in more than 25 states and has served as an instructor at compliance schools sponsored by the Illinois, Indiana, Georgia, Kansas, Kentucky, Nebraska, Pennsylvania and Texas bankers associations. He is one of the moderators for the Bank Secrecy Act forum at http://www.bankersonline.com/
More information...
|
|
888-229-8872