Develop your Business Knowledge!

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Across
  1. 4. The _______ checking account is designed for businesses that may incur additional service charges related to enhance business banking solutions. This account received earning credits to offset the monthly service charge and service fees.
  2. 5. A _________ member LLC can be recognized by the IRS as either a corporation, using an EIN, or a single member “disregarded entity” using their Social Security Number.
  3. 7. Management ______ _______ provides business customers an online option for processing ACH transactions, such as direst deposit, accounts payable & receivable, Electronic Federal Tax Payment system, and/or payment collection for rent, dues and more.
  4. 9. ________ Pay is a tool business customers can utilize to provide an extra layer of fraud protection for payroll checks written off the business.
  5. 10. A ____ corporation (Nonprofit) is a corporation created by statute, government or judicial authority that is not intended to provide a profit to the owners or members
  6. 13. A customer must have at least 25% equity in a business to be considered a __________ owner.
  7. 15. __________ Accounts conveniently help you achieve higher earnings on your funds you don't use on a daily basis. You can automatically maximize your earning on excess account balances so you do not have to spend time on shuffling funds.
  8. 16. Benefits ______ _______ allows business customers to help community members save money on every day purchases where it matters the most- in their own community.
  9. 18. The platform used to open business accounts online is called ___________.
  10. 19. A ______ liability company is a legal form of business offering limited personal liability to its owners. It is similar to a corporation, and is often a more flexible form of ownership, especially suitable for smaller companies with a limited number of owners.
Down
  1. 1. Deposit Instead of running to the bank with checks for deposit, send them electronically with ________ ________, you'll save time, trouble, and money by depositing checks right from your office location.
  2. 2. The _______ Business Checking account has no monthly service charge, but does not earn interest.
  3. 3. A ______ is a business model where one company (the franchiser) grants another company or individual (the franchisee) the right to operate a business using its brand, products, and operating system in exchange for fees and royalties.
  4. 4. A sole _________ is an unincorporated type of business entity which legally has no separate existence from its owner.
  5. 6. An _______ is a group of persons involved in a common enterprise or purpose who are organized but not incorporated. Examples of this type of entity are clubs, class reunion committees, unincorporated charities, and bowling leagues.
  6. 8. Market The Premier Business ________ _________ account is ideal for businesses who will maintain a balance over 25,000 and allows you to earn interest while providing the flexibility of writing checks and completing electronic transactions.
  7. 11. The _______ account is exclusively for lawyers and law firms.
  8. 12. Banking Available with all business savings accounts MVSB offers online banking, mobile app and mobile deposits, eStatements, combined statements and ___________.
  9. 14. Although Non Profit business accounts are exempt from filing beneficial ownership requirements, a ______ prong is still required to be documented.
  10. 17. How many complimentary services do we offer our business checking customers? ______