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		<title>Business bank account - do I need partner&#146;s permission to withdraw money?</title>
		<link>http://www.startupnation.com/community/orca/topic/Business-bank-account---do-I-need-partner146s-permission-to-withdraw-money.htm</link>
		<description>Business bank account - do I need partner&#146;s permission to withdraw money?</description>
		<lastBuildDate>Fri, 31 Jul 2009 11:16:08 GMT</lastBuildDate>
		
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				<title><![CDATA[
  Dear Scott and Bree,
  &#16]]></title>
				<link>http://www.startupnation.com/community/orca/topic/Business-bank-account---do-I-need-partner146s-permission-to-withdraw-money.htm</link>
				<description><![CDATA[
  Dear Scott and Bree,
  &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; You both have provided very valuable advices and I would appreciate it if you could help me in&#160;my matter.I am currently on h-1b visa and see]]></description>
				<pubDate>Fri, 31 Jul 2009 11:16:08 GMT</pubDate>
				<guid>http://www.startupnation.com/community/orca/topic/Business-bank-account---do-I-need-partner146s-permission-to-withdraw-money.htm#688445</guid>
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				<title><![CDATA[
  I`ve worked with a lot of pa]]></title>
				<link>http://www.startupnation.com/community/orca/topic/Business-bank-account---do-I-need-partner146s-permission-to-withdraw-money.htm</link>
				<description><![CDATA[
  I`ve worked with a lot of partnerships and this is how they do it. One partner is assigned as manager who is responsible for paying bills, etc. Both partners can be listed as signor`s on the account so that if one isn`t available the other one can]]></description>
				<pubDate>Fri, 31 Jul 2009 11:16:08 GMT</pubDate>
				<guid>http://www.startupnation.com/community/orca/topic/Business-bank-account---do-I-need-partner146s-permission-to-withdraw-money.htm#688444</guid>
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				<title><![CDATA[
  Is it legal to open more tha]]></title>
				<link>http://www.startupnation.com/community/orca/topic/Business-bank-account---do-I-need-partner146s-permission-to-withdraw-money.htm</link>
				<description><![CDATA[
  Is it legal to open more than one business accounts&#160;with a company? Is it reasonable that the business owner thinks that the money in the company`s business account is his money so he can withdrow the money from company business account witho]]></description>
				<pubDate>Fri, 31 Jul 2009 11:16:08 GMT</pubDate>
				<guid>http://www.startupnation.com/community/orca/topic/Business-bank-account---do-I-need-partner146s-permission-to-withdraw-money.htm#688443</guid>
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				<title><![CDATA[we will be an LLC but we will be]]></title>
				<link>http://www.startupnation.com/community/orca/topic/Business-bank-account---do-I-need-partner146s-permission-to-withdraw-money.htm</link>
				<description><![CDATA[we will be an LLC but we will be "partners". thanks for all your help guys but at this time this is too overwelming. I need to hire someone to write up an operating agreement for us. We don`t want to waste time &amp; money with each of us hiring separate l[...]]]></description>
				<pubDate>Fri, 31 Jul 2009 11:16:08 GMT</pubDate>
				<guid>http://www.startupnation.com/community/orca/topic/Business-bank-account---do-I-need-partner146s-permission-to-withdraw-money.htm#688442</guid>
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				<title><![CDATA[
You will need a cash flow proj]]></title>
				<link>http://www.startupnation.com/community/orca/topic/Business-bank-account---do-I-need-partner146s-permission-to-withdraw-money.htm</link>
				<description><![CDATA[
You will need a cash flow projection, a budget plan and a sales projection.&nbsp; Once you have estimated a figure on expenses or overhead costs.&nbsp; You can allow for your payroll register to take place.&nbsp; If you dont ha]]></description>
				<pubDate>Fri, 31 Jul 2009 11:16:08 GMT</pubDate>
				<guid>http://www.startupnation.com/community/orca/topic/Business-bank-account---do-I-need-partner146s-permission-to-withdraw-money.htm#688441</guid>
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				<title><![CDATA[There are so many factors of emb]]></title>
				<link>http://www.startupnation.com/community/orca/topic/Business-bank-account---do-I-need-partner146s-permission-to-withdraw-money.htm</link>
				<description><![CDATA[There are so many factors of embezzling in a company of course.&nbsp; We can go on forever with a list of actual ways we in the accounting profession have encountered or discovered.&nbsp; The start of internal control should start at the top and on down]]></description>
				<pubDate>Fri, 31 Jul 2009 11:16:08 GMT</pubDate>
				<guid>http://www.startupnation.com/community/orca/topic/Business-bank-account---do-I-need-partner146s-permission-to-withdraw-money.htm#688440</guid>
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				<title><![CDATA[And I`m not suggesting internal ]]></title>
				<link>http://www.startupnation.com/community/orca/topic/Business-bank-account---do-I-need-partner146s-permission-to-withdraw-money.htm</link>
				<description><![CDATA[And I`m not suggesting internal controls aren`t in order. I`m saying that two signatures is probably not the norm, and that an embezzling business partner is not the norm either, so the extra has]]></description>
				<pubDate>Fri, 31 Jul 2009 11:16:08 GMT</pubDate>
				<guid>http://www.startupnation.com/community/orca/topic/Business-bank-account---do-I-need-partner146s-permission-to-withdraw-money.htm#688439</guid>
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				<title><![CDATA[I am aware&nbsp;that the&nbsp;st]]></title>
				<link>http://www.startupnation.com/community/orca/topic/Business-bank-account---do-I-need-partner146s-permission-to-withdraw-money.htm</link>
				<description><![CDATA[I am aware&nbsp;that the&nbsp;structure of their business is the defining point of how operations are handled and the distributions of funds.&nbsp; 
I was disagreeing on not needing internal control.&nbsp; ]]></description>
				<pubDate>Fri, 31 Jul 2009 11:16:08 GMT</pubDate>
				<guid>http://www.startupnation.com/community/orca/topic/Business-bank-account---do-I-need-partner146s-permission-to-withdraw-money.htm#688438</guid>
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				<title><![CDATA[Bree,I agree with Scott... He ne]]></title>
				<link>http://www.startupnation.com/community/orca/topic/Business-bank-account---do-I-need-partner146s-permission-to-withdraw-money.htm</link>
				<description><![CDATA[Bree,I agree with Scott... He never mentioned what was the legal structure of the business. Are they going to be a Parnership(sole proprietors, LLC, Corp, LLP) What is their status. Depending on their structure is how they need to handle things. Al]]></description>
				<pubDate>Fri, 31 Jul 2009 11:16:08 GMT</pubDate>
				<guid>http://www.startupnation.com/community/orca/topic/Business-bank-account---do-I-need-partner146s-permission-to-withdraw-money.htm#688437</guid>
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				<title><![CDATA[I have to disagree Scott.&nbsp; ]]></title>
				<link>http://www.startupnation.com/community/orca/topic/Business-bank-account---do-I-need-partner146s-permission-to-withdraw-money.htm</link>
				<description><![CDATA[I have to disagree Scott.&nbsp; Internal control should be placed when there is cash involved.&nbsp; The trust in the partner is not in question.&nbsp; The&nbsp;protection of the company`s assets and the investors involved is at risk when there is no in]]></description>
				<pubDate>Fri, 31 Jul 2009 11:16:08 GMT</pubDate>
				<guid>http://www.startupnation.com/community/orca/topic/Business-bank-account---do-I-need-partner146s-permission-to-withdraw-money.htm#688436</guid>
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