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Business Banking Saint Cloud MN

See below for information on banks in Saint Cloud, MN 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.

Affinity Plus Credit Union
(320) 259-7187
720 4th Ave S
Saint Cloud, MN
 
Wells Fargo Insurance Services
(320) 259-3500
400 1st St S Ste 100
Saint Cloud, MN
 
American National Bank Of Mn
(320) 253-0142
3210 W Division St
Saint Cloud, MN
 
Countrywide
(320) 309-4542
266 33rd Ave S Ste 11
Saint Cloud, MN
 
Northern Star Bank
(320) 258-2265
300 E Saint Germain St Ste 2
Saint Cloud, MN
 
Bank Of America Home Loans
(320) 534-3041
266 33rd Ave S Ste 11
Saint Cloud, MN
 
401Kloans
(320) 258-4016
720 W Saint Germain St
Saint Cloud, MN
 
Minnwest Bank M V
(320) 253-6300
3130 2nd St S
Saint Cloud, MN
 
All Purpose Lending
(320) 253-8106
1022 4th St Se Ste 104
Saint Cloud, MN
 
American Heritage National Bank
(320) 257-5000
525 Highway 10 S
Saint Cloud, MN
 

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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