You are sitting quietly at your desk catching up on paperwork and in walks a customer to open 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. If you feel overwhelmed, 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 though and procedure to assist you in tackling these complicated but interesting companies and keep you in compliance with your back of the house operations.
-Status of beneficial ownership changes
-Managing OFAC/Russia Sanctions—who do you check?
-Drilling down for ownership and liability
- Learn how to build a document pyramid to help get from the bottom to the top of the paperwork
-Learn 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 disregard its business for tax purposes
-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 or changes its type
- How and when to set up a d/b/a/ as opposed to a disregarded entity
-Can you have a POA on a business?
-Can you have a POD on a business?
-What happens on each business type when the owner dies?
-What is a series LLC?
Learn paperwork and set up for:
-Not for Profit Corporations
-Limited Liability Companies
-Small nonprofits and large
-IOLTA, Escrows, Agents
-Resolutions, signature cards and beneficial ownership certifications
What you will receive:
New Accounts Handbook