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Opening Business Accounts
(Presented By: Ken Golliher)
Accounts opened for businesses pose a number of challenges. The real operating risks incurred by any bank are in assuring that:  | WEBINAR TIME:
11:30AM - 1:30PM PT
12:30PM - 2:30PM MT
1:30PM - 3:30PM CT
2:30PM - 4:30PM ET |
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the business exists and
individuals on the opposite side of the desk are empowered to act on behalf of the business.
This webinar provides simple explanations regarding sole proprietorships, partnerships, corporations, and limited liability companies. The program first focuses on how they are established, why the business owners might choose one form of business organization over another and what documents the bank might reasonably require to verify a business' existence. This element helps attendees realize that while some businesses are a simple extension of a single owner, others are a completely separate legal entity; i.e. in those cases, it's the business that is the customer, not the person across the desk.
Secondly, the program addresses how a business documents its delegation of authority to its employees. What does a particular type of business have to do in order to enable someone to:
write checks,
send wire transfers,
open a safe deposit box in the name of the business.
While the program's focal points are documenting existence and authority, it also addresses
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.
WHAT DO YOU WANT TO HEAR ABOUT DURING THE SEMINAR?
There will be Q & A's during the program, but if you want to submit questions in advance or make certain your topic is addressed, send them to seminars@bankersonline.com Put "Business Accounts" in the message line.
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...
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888-229-8872