Legal Question in Business Law in Georgia

Busness

I have a non profit organization and has not been in business for quite some time. I finally got some donation and wanted to know how much money be transfered to my account because i don't have a bank for the corporation ?


Asked on 7/11/07, 3:15 pm

2 Answers from Attorneys

Charles W. Field Charles W. Field, Attorney at Law

Re: Busness

You should immediately open up a separate bank account for your organization. Further, you should have the pertinent documents reviewed by an attorney to see under what conditions you can transfer money to yourself.

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Answered on 7/16/07, 6:03 pm
Glenn M. Lyon, Esq. MacGREGOR LYON, LLC, Business Attorneys

Re: Busness

You should have a bank account for the company before moving any money in or out. Otherwise, I don�t understand your question.

If you would like to discuss any issues further, please feel free to contact my office. My contact information is below. Thank you.

The foregoing is general information only, not specific legal advice. No attorney/client relation has been created or should be implied.

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Answered on 7/11/07, 3:37 pm


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