Agreed. One cannot open an account without some personal ID of who is opening the account. But as a C-Corp, I am listed only as a signer on the account. As far as liability, if done right, as in following the rules and not mixing your personal with the corp, creditors can't come back onto you for anything other than fraud. At least, that's the way I understand it from who I have discussed it with. As far as credit cards go, I'm not listed as someone to guarantee the account. They have our ESIN and our DUNS number and it makes it all good. The funny thing is, even with all the credit problems around, after a few months of getting our DUNS, everyone under the sun wanted to give our corp credit. They all hit the trash, thankfully. Well, except for the Home Depot card. That one has been the most handy. :)
Bob- -----Original Message----- From: [email protected] [mailto:[email protected]] On Behalf Of Faisal Imtiaz Sent: Friday, July 23, 2010 4:41 PM To: [email protected]; WISPA General List Subject: Re: [WISPA] IPPay this is more of an old wives tale now.......Banking Rules have changed... You cannot walk into a Bank and open a Bank Account for the Business without giving your personal info.... Accepting Credit Cards is the same way... (and It makes sense...) Credit card payments to the merchant are done on a Trust Basis, with the agreement on settling and 'bad transactions' after the fact. There are a few folks out there who will for the right amount of 'fee' provide you with anonymity in doing these types of transactions..(e.g paypal ).. One time I had this conversation with our Attorney, about signing a personal guarantee... He was talking out loud... first he said, don't... then he said, these days it don't make much difference, being the Owner of the bussiness, if something goes wrong, they will still come after you ..with or without any guarantees... another factor that makes a difference is what is your networth... if it ain't much... then you have even less to worry about.. Faisal Imtiaz Snappy Internet& Telecom On 7/23/2010 4:19 PM, Leon D. Zetekoff wrote: > On 07/23/2010 03:08 PM, Robert West wrote: > >> I tried but they insisted that I give them all of my personal information in >> order to sign up. We are a C Corp. My attorney has sternly told me to NOT >> mix anything person into the corporation so we were not able to do any >> > my old boss just said the same thing....he passed...wonder where this is > coming from? > > leon > > > ---------------------------------------------------------------------------- ---- > WISPA Wants You! Join today! > http://signup.wispa.org/ > ---------------------------------------------------------------------------- ---- > > WISPA Wireless List: [email protected] > > Subscribe/Unsubscribe: > http://lists.wispa.org/mailman/listinfo/wireless > > Archives: http://lists.wispa.org/pipermail/wireless/ > > ---------------------------------------------------------------------------- ---- WISPA Wants You! Join today! http://signup.wispa.org/ ---------------------------------------------------------------------------- ---- WISPA Wireless List: [email protected] Subscribe/Unsubscribe: http://lists.wispa.org/mailman/listinfo/wireless Archives: http://lists.wispa.org/pipermail/wireless/ -------------------------------------------------------------------------------- WISPA Wants You! Join today! http://signup.wispa.org/ -------------------------------------------------------------------------------- WISPA Wireless List: [email protected] Subscribe/Unsubscribe: http://lists.wispa.org/mailman/listinfo/wireless Archives: http://lists.wispa.org/pipermail/wireless/
