One of the biggest challenges of operating a business trust is getting a bank account. In this video James walks you through the planning process.
Most banks have business accounts. Yet few bankers know how to setup up business trust accounts. They know Corporations, LLCs, and Living Trusts because they're popular and have well known opening procedures.
Private business bank accounts offer you a wide variety of applications. They are legally separate from your personal funds. Know that you will have full disclosure with your banker. Federal KYC rules are mandatory. But these details are confidential between the banker and you.
But unlike a Corporation or LLC which is listed online, the Business Trust is unlisted. You might like this privacy. One strategy is keeping some of your money in a regular personal or LLC account. Then use a Business Trust account for savings.
Our e-Seminar includes various details and resources for Business Trust bank accounts.
If you'd like our help go to Trustarte.com and get the Business Trust e-Seminar
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