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Business Banking North Little Rock AR

See below for information on banks in North Little Rock, AR that give access to business banking, which includes services such as online banking, business checking, business loans, as well as business savings, business credit cards and commercial loans and lines of credit.

Bank of America
(501) 370-5100
200 Main St
North Little Rock, AR
 
Charter State Bank
(501) 835-9633
6929 John F Kennedy Blvd
North Little Rock, AR
 
BMG Lending
(501) 812-5626
5000 JFK Blvd. Suite D
North Little Rock, AR
 
Onebanc
(501) 370-4400
300 W Capitol
Little Rock, AR
 
Bank Of America
(501) 758-8445
4610 Camp Robinson Rd
North Little Rock, AR
 
Boatmen's Bank Of North East Arkansas
(501) 932-6603
100 W Washington Ave
North Little Rock, AR
 
Carroll Mortgage Group Inc
(501) 758-9797
5111 John F Kennedy Blvd
North Little Rock, AR
 
Bank of America
(501) 835-9797
6911 John F Kennedy Blvd
North Little Rock, AR
 
Agheritage Farm Credit Services
(501) 210-4000
119 E 3rd St
Little Rock, AR
 
Arkansas Trust Lending & Financial Inc
(501) 217-8989
300 S Rodney Parham Rd Ste 13
Little Rock, AR
 

Offshore Banking Is It Legal?

Offshore Banking - Is It Legal?

If two phrases every seemed to go together, it would be offshore banking and tax evasion. At least, that's what we are told. So, is offshore banking legal or not?

First off, what is offshore banking? Most people picture exotic island destinations like the Bahamas or Cayman Islands. While these are offshore banking destinations, the true definition of offshore banking is doing banking in any country other than the one you are a citizen of as an individual or base your business in if you are a country. When someone from Russia opens an account at the Bank of New York, they are doing offshore banking. If an English citizen opens a bank account in Boston, they are pursuing offshore banking.

Now, it goes without saying that the type of offshore banking that gets all the notice is the type that has serious confidentiality laws. These include locations like Switzerland, the various offshore islands and some countries that you probably have never heard of such as Andorra. Andorra is a tiny country in the mountains between Spain and France. Despite having a tiny population, a surprising number of Ferraris are seen in the area!

So, is offshore banking legal if you are a citizen of the United States? Can you just fly on down to the Caymans and open an account? YES! There is no law that even remotely suggests that you are barred from pretty much putting your money in whatever bank you like. There is, however, a big caveat to this.

As a citizen of the United States, you must pay tax on all your income regardless of where it is earned. You also must give notice to the IRS that you have money held in offshore accounts. As long as you comply with the regulations and pay the taxes on any gains, you are not going to be in any trouble.

So, what do so many people run into problems? Temptation. You have that money sitting offshore in a bank account. If you invest it in stocks in Europe, who is going to know? If you make money, how is ...

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