Gawthrop Greenwood trusts & estates attorney P. Kristen Bennett joined WHYY host Shirley Min as they discussed the basics of estate planning and so much more on WHYY's "You Oughta Know" show that aired February 7th and February 8th. Watch the segment...
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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