Business Accounts - Day 1
Quiz by Ashley
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- Q1
What is NOT an official document to open a Sole Proprietorship?
Professional License
SunBiz
Business Tax Receipt
Lease Document
30s - Q2
The establish date in ML is the _______ in SunBiz.
Registration Number
Documentary Date
Effective Date
Document Number
30s - Q3
What address from SunBiz can I use for CIP verification?
All of the above
PO BOX Address
Principal Address
Registered Agent Address
30s - Q4
The business name must be listed on documents used to verify address.
True
False
30s - Q5
What information is required for each known Beneficial Owner on a business per FINCEN?
Name, DOB, Address, Tax Identification Number
Name, Address, Phone Number, Tax Identification Number
Name, Address, Tax Identification Number, Mother's Maiden Name
Name, DOB, Address, Phone Number
30s - Q6
The _____ controls, manages, and directs the big picture for a business and owns less than 25%
None
Owner
Owner and Controller
Controller
30s - Q7
Every Corporation, LLC, and Partnership has to list one person who controls.
False
True
30s - Q8
FINCEN does not apply to Sole Proprietorships and Associations.
False
True
30s - Q9
What business type requires all signers to be present at account opening?
Associations
Partnerships
Sole Proprietorships
Limited Liability Companies
30s - Q10
Sole Proprietor is the only type of business that doesn’t have to be on SunBiz.
True
False
30s