Opening Business Accounts
Because of the complexity and, in some cases, the lack of frequency, opening business accounts can create angst for many bankers. In this 3 1/2-hour afternoon seminar, participants gain confidence and a clear understanding of the regulatory, compliance, documentation and state law requirements for opening business accounts in Texas.
The training manual, customized to Texas law, is considered the technical reference for new account departments across the country. The manual is included in the registration fee and serves as an invaluable resource long after the seminar is over (a $250 value).
When
Where
Virtual
Highlights
- Business Account Documentation – Internal Forms and Secretary of State
- Understanding the Importance of How Businesses Are Taxed and Why We Care
- Which business types are required to obtain an EIN, and which may use an SSN
- What is the risk of running reports like ChexSystems or a credit check on a non-owner of a business account?
- Sole Proprietorships
- General Partnerships (GP), Limited Partnerships (LTD) | Limited Liability Partnerships (LLP)
- Limited Liability Limited Partnerships (LLLP)
- Limited Liability Company and Series LLC (LLC/SLLC)
- LLC – Determining Tax Classification
- Profit and Non-Profit Corporations | Professional Corporations | S-Corps
- How a Bank lost $100,000 because it waived its policy for a “good” customer
- Nonprofit Associations and Charitable Organizations
- Intermediary 1031 Exchange Accounts
- Interest On Lawyer Accounts (IOLTA)
- Removing an Owner or Non-Owner as a Signer
- Access at the Death of a Business Account Signer/Owner
- FinCEN – Beneficial Owner Requirements 2024 Update
- Certifying Complex Business Structures
- Documenting Complex Business Structures
We recommended that attendees bring copies of their bank’s business signature card and resolutions to the seminar.
All customer contact personnel, supervisors and officers whose responsibilities include opening or managing new accounts. Personal bankers, tellers, BSA officers, deposit operations, branch administration, CIP managers, training and business development officers, internal auditors and compliance officers will find the information extremely beneficial. Lending assistants and officers will find the information applicable as at least 85% of the information impacts the lending area.
Registrants will receive instructions in advance to access the online class and download the materials. Registrants will have access to a recorded copy of the seminar and materials for 90 days.
The fee includes access to the virtual seminar, program materials and session recordings.
IMPORTANT: Registration is per person and the program is priced accordingly. All attendees must be registered to ensure access to the program, materials and recorded content. If you would prefer to email us your registrations, we will be happy to invoice your bank.
Cancellation/Refund Policy
Cancellation/substitution requests must be made in writing. Email requests to education@texasbankers.com. Full registration fees will be refunded if written notice is received no later than May 30, 2024. Substitutions are permitted without penalty.
Texas State Board of Public Accountancy: 3 CPE credit hours. There are no educational prerequisites.
ABA Professional Certifications: Application for CE credit is pending approval. Attendees will be notified once the credit approval is received.
Presenter
Matthew Dickinson
Matt is known for his expertise, approachability, sense of humor, and passion for providing knowledge to bankers so they can serve their banks’ customers confidently while managing risk. With 20 years’ experience, he provides training through 16 State Bank Associations and nationally through OnCourse Learning, a web-based training platform. Matt enjoys family time with his wife and four daughters, cooking, and has completed three full Ironman triathlons, a testament to his dedication and patience, which are traits bankers can expect to experience when interacting with Matt.