Legal Question in Legal Ethics in Oklahoma

Legal Terminology
I am a student and have a question.... Why does a law firm have 2 bank accounts?

Asked on 1/23/05, 3:51 pm

1 Answer from Attorneys

Charles Aspinwall Charles S. Aspinwall, J.D., LLC

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Re: Legal Terminology

Some have more than two. The most common arrangement is one business account for paying expenses and one trust account [for other people's money].

Answered on 1/23/05, 5:56 pm

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