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phillyg Real Estate Invester
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Business License Required for LLC
Saturday, January 14 2012 09:00 AM
My bank tells me I need to present a copy of a business license along with the other documents to open a checking account in my LLC's name. I was not aware I needed a business license in Virginia for an LLC, and it's Sat so I can't call to confirm. Anyone out there know if I need a business license in VA?
Thanks
P. J. Grudzinski
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Randy Hughes Land Trust Expert-40+ years of experience
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Re:Business License Required for LLC
Saturday, January 14 2012 10:15 AM
P.J.
I have never heard of this requirement, but that does not mean the bank cannot require this of you. Consider going to another bank. I would not get a "license" for an LLC as this will lead to other governmental agencies pursuing you for a multitude of reasons/taxes/etc.
Randy Hughes
866-696-7347
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GR Business Professional
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Re:Re:Business License Required for LLC
Wednesday, April 04 2012 01:07 PM
I used our Credit Union and had no issues setting up an account for our LLC. No Business License, etc... just standard account registration forms.
I have not used a traditional banking institution for 20 years. I like Credit Unions; participants helping participants....
Best of luck!
GR
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