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Opening New Business Accounts – An Evening Program

LocationTBA Barrett Training Center, Nashville
Date, In-PersonSeptember 21, 2023
Date, VirtualOctober 18, 2023
Early Registration DeadlineSeptember 7, 2023

Whether because of the complexity or the lack of frequency, opening business accounts seems to create the most angst for many bankers. In this 3.5-hour evening seminar, participants gain confidence and a clear understanding of the regulatory, compliance, documentation, and state law requirements for opening business accounts. With more than 40 years of experience, Suzie Jones will empower new account representatives with the skills and tools to protect their organization while at the same time focusing on providing quality customer service. The training manual is customized to state law and is known as the technical reference handbook for new account departments across the country.

It is highly recommended that attendees bring a copy of their financial institution’s signature card and business account resolutions to reference during the training.



  • Who has the legal right to represent each business structure?
  • Business account documentation—internal forms and secretary of state
  • When does a bank need customer-provided documents—partnership agreement, minutes, or bylaws?
  • Understanding the importance of resolutions
  • How business are taxed and why we care
  • Which business structures are required to obtain an EIN and which may use an SSN?
  • What is the risk of running consumer reports, like ChexSystems, on a non-owner of a business account?
  • Sole proprietorships
    General (GP); Limited Partnerships (LTD); Limited Liability Partnerships (LLP); Limited Liability; Limited Partnerships (LLLP)
  • Limited Liability Company and Series LLC (LLC/SLLC); LLC Owned By a Revocable Trust; LLC – Determining Tax Classification
  • Profit and non-profit corporations; Professional corporations; Sub Chapter S-Corp; 501(c)3 corporations
    Nonprofit association; Social clubs; Charitable organizations
  • Escrow; Agency; Intermediary accounts
    Interest on Lawyer Trust Accounts (IOLTA)
  • Process for removing an owner or non-owner as a signer on a business account
  • Who has access to a business account at the death of a business account owner or authorized signer
  • FinCEN – Beneficial Owner Requirements
  • Beneficial ownership certification and documenting complex business structures
  • Documenting foreign entities (Businesses established outside of Tennessee or the U.S.)


Suzette (Suzie) Jones, CFP®
Managing Member, Training Resources Consulting, LLC


In-person Schedule

4:30 p.m. (CT) Registration
5:00 p.m. Dinner
5:30 p.m. Program begins
8:30 p.m. Adjourn


Virtual Schedule

1:00 p.m. (CT) Program begins
4:00 p.m. Adjourn


Continuing Education Credit

In-person attendees qualify for 3 hours Continuing Professional Education (CPE) credit in the area of Specialized Knowledge and MUST be sure to sign in and out on the CPE attendance tracking sheet in order to receive credit.

Virtual attendees qualify for 3 hours Continuing Professional Education (CPE) credit in the area of Specialized Knowledge and MUST completely fill out return the CPE tracking sheet with all code words given during the event in order to receive credit.

In accordance with the standards of the National Registry of Continuing Professional Education (CPE) Sponsors, CPE credits have been granted based on a 50-minute hour.


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