Specialty Accounts
Business Account Types
Opening Account Docs
Pets: Part Deux
Referrals
100
This type of account is designated by the Social Security Administration or Department of Veterans Affairs. The funds are for an individual who is under the age of 18 or is unable to manage their own finances due to physical or mental limitations
REPRESENTATIVE PAYEE
100
This type of account may be established by one individual or a married couple. Business owners are personally liable for all debts incurred by the business.
Sole Proprietorship
100
Where does a business in OR go to register?
Secretary of State (SOS)
100
Name that member dog? 
Tango
100
Hi! I want to talk to someone about consolidating a large amount of debt. I'd like to payoff $30k in credit card debt, payoff the remainder of my car and have some left over for emergencies.
Home Equity Line of Credit
200
This type of account is established by the representative of an _________ to handle the financial affairs of a decedent.
Estate Account
200
In order to be this type of business, it must qualify under tax code section 501 (C).
Non-Profit Corporation
200
When opening a Rep Payee account you would use the Rep Payee or beneficiary's SSN ?
Beneficiary
200
What are the three names of Taylor Swift's cats?
1. Meredith Grey
2. Olivia Benson
3. Benjamin Button
200
I just found I'm a beneficiary to a decent sized inheritance, I've always wanted a BMW!
Financial Advisor, investment referral
300
In a nutshell, this type of account is a legal arrangement to ensure assets go to speficic beneficiaries.
Trust account
300
This type of business has an operating agreement, outlining business structure and authority of parties within the business. Can use SSN if single owner or EIN if multiple owners.
LLC
300
This document is usually brought in when a member wants to open a trust, however, we have our own copy for them to fill out. We don't retain the members copy of this.
Certification of Trust
300
Coco's dog has what color eyes?
One Blue, one Brown (I'll accept Hazel) Heterochromia
300
My business keeps getting ACH deposits later and later and I need to have funds on the 10th of each month to pay my employees.
Business line of credit/business loan
400
This type of account is opened for a minor or other legally incompetent person, where funds are held in a _________ and not released until minor reaches age requirement or legal documentation orders it.
Court Ordered Blocked Account
400
With this type of business there are usually not tax reporting requirements and the liability is on the individual signers. Example could be: Bowling League that has a tax identification number.
Associations or Clubs
400
What are the three documents needed to open an estate account?
1. Certified copy of death certificate
2. Letters of Testamentary/Administration
3. EIN letter
400
What type of dog breed is Lassie?
Collie
400
I'm freaking out, we are getting married in two months and I just found out that the venue has to be protected from liabilities. I don't even know where to start!
Insurance referral , Wedding/Venue insurance
500
This type of account is governed by state law and allows the transfer of property to a custodian for the benefit of a minor. According to state law, this type of account can have only one custodian and one beneficiary.
UTMA: Uniform to Minors Account
500
This type of business is composed of two or more persons, usually not a married couple, who agree to contribute money, labor and or skill to a business. Each shares the profits, losses, and management of business.
General Partnership
500
A corporation, non profit, or association needs this document for opening accounts, making changes, and closing accounts.This is an approval by board or managing committee that things can be done.
Meeting minutes
500
Heather has two dogs that are this breed?
English Springer Spaniel
500
This summer at Country Fair, I felt like we really missed out on a lot of sales. I got so many small bills for change but most people didn't even carry cash.
Merchant CS (Card Services) accepting Credit cards