Join Gawthrop Greenwood trust & estates attorney P. Kristen Bennett and WHYY host Shirley Min as they discuss the basics of estate planning and so much more on WHYY's "You Oughta Know" show airing Friday, February 7th at 7:30 p.m. and 11 p.m., rebroadcasting on Saturday, February 8th at 11 a.m. and 5 p.
Gawthrop Presents: Business Banking with Michael Merlie and Stephen Olsen
Gawthrop Greenwood attorneys Stephen J. Olsen and Michael Merlie recently presented a training session on business banking issues for executives and managers of the Franklin Mint Federal Credit Union. Topics covered at the session included:
- Formation and Governance of Various Business Entities – Corporations, Limited Liability Companies, Partnerships, Sole Proprietorships
- Issues Arising with Changes in Ownership – Including in cases of death, buy-out or sale to third parties
- Not-For-Profit Entities – Proper documentation required for nonprofit organizations formed under Section 501(c) of the Internal Revenue Code, social and other clubs, reunions, other nonprofit organizations
- Risk Management Issues – Beneficial ownership, money service businesses, proper documentation on business accounts
- Special Considerations for Trust Accounts
During the session, bank executives and managers shared many real-life scenarios faced in assisting customers in setting up business accounts, and the team from Gawthrop Greenwood provided insights on how to effectively handle these unique situations.
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