Can an LLC have an interest-bearing account?

Answer According the Stephanie Martin, Associate General Counsel of the Board of Governors of the Federal Reserve, limited liability companies (LLCs) are prohibited by federal law from owning interest-bea... Read More »

Top Q&A For: Can an LLC have an interest-bearing account

How to Calculate an Interest Bearing Account?

No matter how much or how little money you have to invest, it is important to get as much for your money as you can. Placing your emergency funds and everyday spending cash in an interest-bearing c... Read More »

Can a trust have an interest-bearing checking account?

A trust can set up an interest-bearing checking account, according to Brian Turner, a new accounts officer at Bank of America in Fort Lauderdale, Florida. Generally, only a trustee can sign on the ... Read More »

What is non-interest bearing debt?

Non-interest bearing debt is a loan that does not require interest payments before it is due to be paid back. Such debt is recorded as a liability on the balance sheet, just like regular, interest ... Read More »

Interest Bearing Debt Ratio?

In corporate finance, the two primary sources of financial capital for businesses are debt and equity. Debt comes in the form of loans or bond obligations that carry interest, whereas equity grants... Read More »