Legal Question in Banking Law in California
Do I need a DBA or Taxpayer ID for a small group (club) to open a bank account in it's name? Is it different for a Credit Union? Is it different for a Federal Credit Union?
Asked on 9/17/09, 1:20 pm
1 Answer from Attorneys
Yes you do need a Taxpayer ID unless you want the transactions on the account to be considered the personal transactions of the treasurer or whomever opens the account.
Answered on 9/17/09, 4:14 pm
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