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Can't speak for a lot of state but in Missouri for example..
Posted on: May 9, 2018 at 08:23:33 CT
Gyro MU
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you provide a purpose for the LLC when you create it, but you can elect a general purpose with no specifics which is statutorily authorized.
Now when you obtain the EIN through an SS-4 filing you also provide a purpose, which is more specific.
When you go yo the bank, you typically need ID, your EIN and your articles of Organization for the LLC. Bankers will often ask about what types of transactions will occur and from what type of business. The Patriot Act tightened up a lot of the Wild West banking done by LLCs but not completely.
Now when you obtain the EIN through an SS-4 filing you also provide a purpose, which is more specific.
When you go yo the bank, you typically need ID, your EIN and your articles of Organization for the LLC. Bankers will often ask about what types of transactions will occur and from what type of business. The Patriot Act tightened up a lot of the Wild West banking done by LLCs but not completely.
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Can't speak for a lot of state but in Missouri for example.. - Gyro MU - 5/9 08:23:33