List Archive: gentoo-nfp
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William L. Thomson Jr. wrote:
> We can give them a shot, but most banks will likely need to operate in
> the state we are registered in. You can't conduct business in a state,
> without a business license and other things. I believe that applies to a
> bank as well. Since a bank would be opening an account for a New Mexico
> entity. That would constitute them doing business in New Mexico.
> It's not the same as a customer being remote, and say the account being
> created and existing in Maryland. Otherwise my local bank, or any bank
> really could choose to open a remote account.
> That said it can't hurt to give them a call. But I doubt we can proceed
> with them because of the above.
Yeah, I figure there are probably gotchas involved. My company is registered
next door in VA, though, so they probably cut us some slack. I don't know if we
have a specific business license for MD (though we operate a couple of lockboxes
in MD). But I figured there was no harm in naming them. Ya never know.
"The past tempts us, the present confuses us, the future frightens us. And our
lives slip away, moment by moment, lost in that vast, terrible in-between."
--Emperor Turhan, Centauri Republic