New Federal Requirement: Starting January 1, 2024, most business entities in the US will need to report Beneficial Ownership Information.
I own a Colorado LLC but now live in Indiana and want to know If I can open a business bank account here in Indiana to make it easier handle rather than having to mailing the checks I receive back to the bank in Colorado. Not finding any information on opening a bank account for an out of State business account thru Indiana Secretary of State website
Tanya,
We have many clients who open bank accounts in states other than state of their company registration. Typically, bank might ask for additional documentation, such as a letter from company CPA or attorney indicating that “this company does not do business in the [State]”, but oftentimes even this is not required.
(a) You made a typo in the card number, CCV code, expiration date, name or address;
(b) Your card balance is too low;
(c) Issuing bank has declined this transaction for some other reason related to your account.
