Entity Types
What is the typical structure of a Holding Entity?
Manager Managed
What is a structure?
The grouping of entities recommended by the client’s Senior Advisor
What is our most basic membership giving clients access to the Portal?
Platinum Membership
What is the purpose of the Signature Call?
To enure the client signs their trust and deed documents timely and in the right order
Where can you find SOP's?
CSC resource guide
What are the different tax status options for an LLC?
Disregarded, partnership, Scorp, CCorp
When is a lucidchart updated?
Any time there is an addition to the structure
What does the Titanium Membership include?
Unlimited LLC's & Document Drafting
When should an OSI be updated?
Anytime any action is taken on it
What Folder do we invite clients to in box?
Viewable Client Docs folder
What entity (or entities) are automatically expedited?
Holding LLC & Trustee LLC
What is the purpose of a Land Trust?
to remove a client's name from title for the property. It needs a trustee & has a beneficiary
What is the role of a Registered Agent?
To receive service of process when an entity is a party in a legal action
How far out should you push an OSI as best practice?
7 days
How do we send an Entity Confirmation email to a client?
From the entity page & the dropdown on the top right
How is a Corporation different from an LLC?
A True Corporation has Directors, officers & shareholders
What is the purpose of a Personal Property Trust?
To be the member of a client-formed entity to preserve the anonymity of the holding. It can also be used to hold a trading account to avoid high brokerage fees
What is the annual renewal for the Company Assistance Program?
$795
What does OSI mean?
Order service Item
What is the last step of the client journey?
What entities get a bank account?
All entities except a Trustee LLC (it does not get an EIN)
Why would someone need a Wyoming Statutory Trust?
They have California property or are a California resident
Mail forwarding is part of what Program?
Company Assistance Program
What needs to be done in order for OSI's to be created?
Create a sale to charge to generate an order
Where do we place a clients SSN on file?
The contact page