Banking procedures

A banking resolution is a written document that specifies the steps a business or organization can take in relation to their bank accounts. It is a formal document that is frequently used to provide particular people permission to carry out operations including opening or terminating accounts, making deposits or withdrawals, and transferring money. When writing … Read more

How do you write a resolution to open a bank account? RESOLVED THAT the consent of the board of directors is hereby accorded to open and operate a bank account in the name of company with [Bank Name] at [Branch Name]. FURTHER RESOLVED THAT Mr./Mrs. [Name of Director] and Mr./Mrs. Read more on taxpanda.in A … Read more

What is a corporate resolution for opening a bank account? A corporate resolution to open a business bank account is a document that clearly shows the bank who has the authority to start an account on behalf of your corporation. If this information isn’t specifically covered in your Articles of Incorporation or bylaws, your bank … Read more

Can you add a DBA to a personal checking account? If you are operating a sole proprietorship, it may be possible to add your business name to your personal checking account. However, if you are operating as a corporation or a limited liability company (LLC), your business is a separate entity and must have its … Read more