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Do you live in Puerto Rico or the Virgin Islands? Establishing a company bank account for a “mainland” business has been a challenge.
Title 7 entities claiming a home-based business exemption on their annual list filing after March 8, 2012 will be returned to the customer for correction and to apply for the state business license.
Please contact Harris Bank by telephone: 800-939-7298 x4658. There may be a monthly account fee of $8.00 or a minimum daily balance of $1,500.00.
If your suppliers tell you that you need a resellers permit, then some of this information may be helpful.