This recorded event is available until March 24, 2013.
Understand the difference between business accounts and personal accounts. Traditionally, business accounts have been handled exclusively by commercial banks. But in today's market there is a transition going on; a transition where many credit unions are now opening business accounts and even handling commercial loans.
This two part webinar deals with the various aspects of business membership, from account structure to documentation, how to deal with Regulation CC as it relates to businesses and challenges in dealing with business accounts.
In the new accounts area, one of the most complicated and difficult challenges is opening and servicing commercial accounts. Without question, from the new accounts perspective, business products and services are more complex than consumer products and services. Understanding these complexities and how to effectively handle them is critical to an organizations success.
During part one of this webinar, participants will gain knowledge about commercial accounts and begin to build their "competency and confidence" to higher levels of performance. Participants will learn techniques to answer one of the most challenging questions potential business members might ask. That question is "What type of business entity is best for me?"
Topics covered include:
- Understand the different business structures
- Why to choose one type of business structure over another
- Documentation - how to always get it right
- Do I need a trade name and if so, how do I obtain one?
- Giving advice without giving advice
- Questions to anticipate from a potential business member
Who Should Attend
This webinar is designed for compliance officers, new accounts managers and personnel who are directly dealing with opening business accounts. Affiliation with CUNA/League is required for attendance.