Opening Business Accounts: Entities, Setup, Authority & More

May 23, 2024
Live Webinar:
DateMay 23, 2024Duration90 minutes
12:00 PM PDT01:00 PM MDT
02:00 PM CDT03:00 PM EDT
  • Unlimited connections for your institution
  • Available on desktop, mobile & tablet
  • Take-away toolkit
  • Presenter’s contact info for questions
On-Demand Webinar:
  • Unlimited & shareable access starting two business days after live stream
  • Available on desktop, mobile & tablet devices 24/7
  • Take-away toolkit
  • Ability to download webinar video
  • Presenter's contact info for questions
See Registration Options

Having a robust business account portfolio can help drive success at your financial institution.

This webinar will cover opening sole proprietorships, partnerships, limited liability companies, corporations, and associations. You’ll get the downlow on access, authority, documentation, IRS details, red flags, compliance regulations, and more. Don’t miss the chance to get all the business account details all in one place!
  • Use the internet to determine whether a business is properly registered
  • Define who needs a separate tax ID number for their business or organization account
  • Explain the difference between owners and authorized signers
  • Determine who has authority to change signers on an account
  • Distinguish between various business ownership types and the respective paperwork


Offering business accounts is a great way to grow assets and serve the community. Although they are a little more cumbersome to open than consumer accounts, it’s usually well worth the effort. 

This webinar will systematically go through establishing accounts for sole proprietorships, partnerships, limited liability companies, corporations, and associations. It will include the documentation associated with each type of entity, the beneficial ownership and due diligence requirements, and IRS taxpayer identification number particulars. 

From there it will cover changes to authorized signers, changes in the form of a business (e.g., sole proprietorship to partnership), and related regulatory items. Whether you’re new to business accounts or have handled them before, this webinar will have something for everyone.


This informative session is designed for staff responsible for opening and maintaining business or entity accounts, including branch managers, auditors, compliance staff, new accounts personnel, business development representatives, and relationship managers responsible for recruiting new business and organizational accounts or maintaining those relationships.


  • Business documentation checklists
  • New business account questionnaire for CDD
  • List of business account red flags for fraud and money laundering
  • Links for internet resources
  • Employee training log
  • Interactive quiz
  • PDF of slides and speaker’s contact info for follow-up questions
  • Attendance certificate provided to self-report CE credits
NOTE: All materials are subject to copyright. Transmission, retransmission, or republishing of any webinar to other institutions or those not employed by your institution is prohibited. Print materials may be copied for eligible participants only.

Presented By

Mary-Lou HeighesMary-Lou Heighes
Compliance Plus, Inc.