WorksheetsBusiness Quiz
Total questions: 16
Worksheet time: 8mins
Can I give my employee a debit card without them being on the account?
Yes
No
Yes, if they sign the ROA
Yes, if they are part ower
Select all correct answers for how a business can qualify for an account at Interra
Where the Owner lives
the State the business operates in
the county the business operates or is located in
Cooperative Financial Association
At account opening, the member must know what type of entity they will operate under.
True
False
What does EIN stand for?
Employee Identification Number
Employer Identification Number
Entity Identification Number
An EIN can be filed with the
IRS
Secretary of State
County Recorders Office
at your local financial institution
A county COABN is needed if the sole props last name is not in the business title
True
False
A county COABN is filed through the Secretary of State
True
False
How much is the electronic filing fee for county COABNs
$25
$25
$30
$35
A Sole Proprietor can have more than one owner
True
False
A Sole Proprietor only operates under their SSN
False
True
Advisors need to pull ICRS on all Sole Proprietor accounts
True
False
Which section of the ROA does NOT need a signature?
2
3
4
5
All the above
Where can you access Secretary of State documents
IN Biz
Interracu.com
County Recorders Office
Articles of Organization are to be filed for what entity type
Corporations for profit
Limited Liability Company
Club/Organization
Sole Proprietorship
We can file State COABN's for our member
True
False
If there is a DBA on a Limited Liability Company, only a county COABN is needed
True
False
