Opening Multi-tiered Business Accounts


Presented by: Deborah Crawford

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You are sitting quietly at your desk catching up on paperwork and in walks a customer to open an account for an LLC. When you begin looking at the foot-high stack of paperwork, you realize that this LLC has multiple members but that the members of the LLC are actually irrevocable trust accounts. A thought goes through your mind that "we are not in Kansas anymore" and you begin to dig into the documents. You are not alone. Whether your institution is small or large we are looking at some very complex documents of companies that go across state lines. In this program, we will develop a system of thought and procedure to assist you in tackling these complicated but interesting companies and keep you in compliance with your back-of-the-house operations.

What you will learn:
  • How to build a document pyramid to help get from the bottom to the top of the paperwork
  • How to trail through the authority in the documents to find who is in charge and who can sign
  • What to do if the business operates in more than one state
  • What it means for an LLC to be disregarded for tax purposes
  • About limited liability companies that are single member, multiple member and husband and wife in community property states
  • What to do when a business is sold, changes its name, changes its type.
  • How and when to set up a d/b/a as opposed to a disregarded entity
  • About agents, escrows, 1031 Exchange Accounts
Who should attend:
New Accounts Representatives, personnel that handle commercial accounts, training, compliance, branch operations, branch managers and anyone that opens deposit accounts for businesses.

About the Speaker: Deborah Crawford is the President of gettechnical inc, a Baton Rouge-based firm, specializing in the education of banks and credit unions across the nation. Her 23+ years of banking and teaching experience began at Hibernia National Bank in New Orleans . She graduated from Louisiana State University with both her bachelor's and master’s degrees. Deborah's specialty is in the deposit side of the financial institution where she teaches seminars on regulations, documentation, insurance and Individual Retirement Accounts.

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CD-ROM includes:
  • Complete presentation (including slides and audio)
  • Written Materials
  • Follow-up Q & A
You have the right under this license agreement for this CD-ROM to use this presentation on a single-workstation. Use on a network is in violation of the copyright agreements. CD may be used by multiple users at a given institution but may not be placed on a network or in any other multi-user environment.

This program was recorded in its entirety on January 2012. The CD-ROM includes program slides, materials (if available) and follow-up Q & A document.

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  • Model: cd_tiered0112
  • Manufactured by: Glia Group, Inc.

This product was added to our catalog on Thursday 20 October, 2011.

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