Business Account Setup Guide

Summary

To set up a business account without a partners cooperation in Oregon, dissolve the current partnership and form a new entity under your name. Open a business account for this new entity. If a check is made out to the dissolved business, contact the bank for possible acceptance with dissolution documentation or seek a court order to reissue the check in your name. To dissolve a business, file Articles of Dissolution with the Oregon Secretary of State, notify tax authorities, cancel licenses, and settle debts. For court orders, file a petition with the county court, provide evidence, and attend hearings if needed.

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Oregon
Hi ****! What specific legal issue are you dealing with in Oregon? This will help me give you the best possible information.
I had a joint business, but my partner became oppositional and the business property got foreclosed. I received a check for the remainder of the sale, but I don't have a place to deposit it and my partner will not cooperate with opening a business account to deposit it. Is there a way to legally set up a business account without their cooperation?
Hi ****, here are some steps you can take:
- Dissolve the current partnership legally.
- Form a new business entity (e.g., an LLC) under your name only.
- Open a business account for the new entity and deposit the check there.
Would you like more details on dissolving your partnership in Oregon?
Will I be able to deposit the check still, if it is made out the dissolved business?
****, you may face difficulties depositing a check made out to a dissolved business. You can:
- Contact the bank to see if they will accept it with documentation of the dissolution.
- Seek a court order to reissue the check in your name.
Would you like more information on getting a court order in Oregon?
Yes please!
****, here is some general information on obtaining a court order in Oregon:
- File a petition with the county court where your business was located.
- Provide evidence of the dissolution and issues depositing the check.
- Attend a court hearing if required.
Would you like more details on filing the petition?
Yes please!
****, here are the steps to file a petition in Oregon:
- Obtain and complete the necessary petition forms from the county court.
- File the petition along with any supporting documents, such as proof of business dissolution and the check.
- Pay the filing fee.
- Attend the court hearing if required.
Would you like more information on finding the forms or other steps involved?
What do I need to do to dissolve the business?
****, to dissolve a business in Oregon, you need to:
- File Articles of Dissolution with the Oregon Secretary of State.
- Notify the IRS and state tax authorities.
- Cancel any business licenses or permits.
- Notify creditors and settle any debts.

Would you like more details on filing the Articles of Dissolution?