I am part of a non-profit organization. For several reasons that i don't want to go into here, we are now unable to get funds from our current bank account. There isn't much money in there right now,.so that part isn't a big deal. We are about to start receiving checks for our next big event and we will need to access that money in a short time period. We need a new bank account.
We've been told that our organization wasn't initially set up right and we need a tax exempt ID to get a new bank account. They also said we will not be able to do this under the old organization name because it is on the other account.
can that be true? I didn't know our organization name could basically become property of our old bank account. It would kill years of work to be forced to change the name now.
any info appreciated.
Posted from Rivals Mobile
We've been told that our organization wasn't initially set up right and we need a tax exempt ID to get a new bank account. They also said we will not be able to do this under the old organization name because it is on the other account.
can that be true? I didn't know our organization name could basically become property of our old bank account. It would kill years of work to be forced to change the name now.
any info appreciated.
Posted from Rivals Mobile
