Posted on 29 January 2011
Tags: account, advertisement, agreement, application, applications, bank, bank account, basic documents, Business, business brand, business business, business name, business name registration, business platform, businesses, CAL, Certificates, company, Copies, corporate, corporation, DBA, doing business, doing business as, engage in transactions, fee, FICA, fictitious name, fictitious names, firm, firms, government, how to register a business, important, incorporate, information, law, laws, laws and regulations, lease, lease agreements, legal, legal names, Limited, Limited Liability Company, loan, mark, name, office, Open Bank, open bank account, partnership, partnership firm, payments, register, register a business name, register the name, registration, registration laws, registration of a business, registration of business, registration of the business, requirement, Requirements, requirements for registration, Small business, sole proprietorship, states, Super Store, trade, trademark, trading, transaction, united states, verification
For most of the businesses, we start we need to register the same with the government. Naming the business is first step towards registration of the business. Business name is a platform we will use to transact with other members of the community. It is important as we open bank account, engage in transactions with other parties, receive and make payments etc. All these tasks need proper name of the business.
The Business Name
Personal names are generally used as legal names of business in case of sole proprietorship. But in some instants people use different name for their business. These are called DBA (Doing Business As) or fictitious names. Naming the business using such conventions means creating a business brand. This is the same trick as business incorporated as partnership firms or LLC (Limited Liability Company). For example we can name a super store as “Banana Super Store” instead of “John William”.
If the type of business is a partnership, the business is registered by the name under which the partnership firm is registered. If we are using a company or a corporation as our business platform to start our business, we have to register the name of our company or corporation registered with the government.
Read the full story
Posted on 31 March 2009
Tags: bank, bank account, bank authorities, banking, CHECKING AND SAVINGS ACCOUNTS:, Indiana, law, lawyer, Legal Issues, online account, Open Bank, public law, Slave Surveillance Number, SSN, State of Indiana, trustee
Social Security Number SSN can sometimes seem more like a “Slave Surveillance Number”. It reduces the level of enslavement if you are having the bank account without this number.
SSN No. is not required for opening a bank account.
If you are going to open a bank account, first thing the bankers ask about your SSN. If you tell them that you are not having SSN then they will refuse straightforwardly to open your account. The online account for the client like that could be an easiest solution.
Legal Position on SSN Requirement
Read the full story
