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Updated over 7 years ago,

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4
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Brandon H.
  • Biloxi, MS
0
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4
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Solo 401K LLC Bank Account

Brandon H.
  • Biloxi, MS
Posted

I've established a Solo 401K/LLC (similar to the IRA/LLC structure), but I am having trouble getting the LLC's bank account created. At BoA and Wells Fargo, their applications assume the business owner is an individual, and require information such as first/last name, date of birth, SSN, etc. Since the LLC is owned by the 401K Trust, I am hesitant to use my information and have the account reference my name in an ownership capacity. Has anyone else encountered this issue, or can suggest a bank that has the know how to open an account with the 401K/LLC structure?

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