The Motley Fool

JULY 25, 2024

Image source: Getty Images Most Americans have a checking account -- 90.7%, according to the most recent Survey of Consumer Finances. That's good, because this type of account is an important tool for managing money. Ideally, your checking account shouldn't cost you any money. But there are ways it can, if you're not careful.

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The Motley Fool

OCTOBER 27, 2024

Image source: Getty Images If you find yourself depositing $10,000 or more in your bank account, it's likely accompanied with celebratory gestures. Socking away $10,000 in a top-rated checking account , whether as savings or to help pay down debt, is not something most of us do everyday.

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The Motley Fool

MAY 5, 2024

While the IRS is trying to make it easier for many individual taxpayers to file their own taxes faster, cheaper, and even for free, small business owners often need an accountant. If you're starting a business or ramping up your side hustle into a full-time income, you might want to start thinking about hiring an accountant.

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The Motley Fool

SEPTEMBER 13, 2024

They deposit the money into their checking account while deciding what to do with it. They came by the money legitimately, yet their bank is legally required to report the deposit by filing a Currency Transaction Report (CTR). The Smurfs are instructed to open a handful of bank accounts. And it's not just U.S.

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The Motley Fool

JUNE 4, 2024

For example, if you go to your bank and withdraw $12,000 from your checking account , your bank would need to file a CTR. There's nothing to worry about -- unless you try to get around reporting requirements For anyone withdrawing their own legally sourced money, a withdrawal of $10,000 or more won't be a problem.

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The Motley Fool

SEPTEMBER 3, 2023

Image source: Getty Images Depositing money in your savings or checking account is something you'll probably do often over the course of your life. You need to be aware of when and how you could possibly face legal and financial scrutiny if you make deposits in a certain pattern that trigger the attention of authorities. Here's why.

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Banks Accounting Legal Financial Institutions 246

The Motley Fool

JULY 9, 2024

Image source: Getty Images It's your money, and generally, you have the right to withdraw as much -- or as little -- as you desire from your bank account. You find one that needs tons of work to become roadworthy, but you're smitten and willing to pull $12,000 from your savings account to make it yours.

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Banks Accounting Financial Institutions Legal 245

The Motley Fool

SEPTEMBER 5, 2023

Image source: Getty Images You need money in a checking account so you can pay your bills on an ongoing basis. And you need money in a savings account for emergency expenses, such as when your roof springs a leak or your car gives you trouble. But what if you pass away and there's money left in your bank account?

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The Motley Fool

JUNE 20, 2024

Basically, it requires banks to file a report if you deposit or withdraw $10,000 or more in cash into your bank account. If you don't deposit $10,000 into your account either all at once or over a short period, then you aren't going to trigger reporting requirements or risk a Suspicious Activity Report.

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The Motley Fool

FEBRUARY 14, 2024

Image source: Getty Images Depositing $10,000 in a bank account may not seem like the most criminal activity. If you frequently make deposits over $10,000 in your savings or checking account , here's what you should know. How to legally deposit $10,000 or more The best way to deposit $10,000 or more is simply to do it.

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Banks Accounting Legal Debt 246

The Motley Fool

JULY 1, 2024

Image source: Getty Images If you have $10,000 or more to deposit at your bank, you're probably eager to get it into your account where the funds will be safe and accessible. Before you head down to your local branch, though, there are a few key points you need to know when you have a very large deposit to make. Here are four of them.

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Banks Accounting Legal Taxes 243

The Motley Fool

OCTOBER 18, 2023

And there's one retirement savings account in particular you might be interested in for one often overlooked reason. Not all self-employment retirement accounts work the same If you think 401(k) retirement accounts are limited to large employers, think again. The only catch? Just bear in mind these limits are raised every year.

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The Motley Fool

JUNE 17, 2023

You know you have plenty of money in your checking account. If the situation appears to be serious, banks have the right to close the account entirely. While that may not seem fair, the financial institution can call it quits at any time -- as hidden in the small print of the contract you signed when you first opened your bank account.

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Banks Accounting Financial Institutions Legal 246

The Motley Fool

JUNE 21, 2024

Image source: Getty Images Yes, although you may not be aware of it, a bank can take money out of your checking account , even without asking your permission beforehand. It's called a "right to offset," and it's built into the terms and conditions page you sign before opening your account.

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Banks Accounting Legal Debt 189

The Motley Fool

JANUARY 15, 2024

When it comes to retirement accounts, the 401(k) is far and away the most popular option. With a 401(k) account, this flexibility is limited because your investment options are provided to you. From recordkeeping to legal to trustee management to compliance, 401(k) plan administrators have many responsibilities.

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Private Equity Wire

APRIL 4, 2025

The continuation vehicle (CV) market now accounts for nearly 50% of all secondary transactions, according to the latest Morgan Lewis Continuation Vehicles Report 2025, which highlights key trends in legal terms and provisions.

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The Motley Fool

MARCH 10, 2025

This quarter displayed resilience, focusing on R&D expansion, primarily in oncology, while navigating reduced COVID-19 vaccine demand and legal challenges. Quarterly Insights: Achievements and Challenges BioNTech's fourth-quarter revenue decline was linked to decreased demand for COVID-19 vaccines and accounting adjustments with Pfizer.

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Legal Accounting Returns Companies 130

The Motley Fool

JUNE 3, 2024

Account manager ($43.57 per hour) "Account manager" is another job title that sounds a bit vague and all-encompassing -- but most often, this gig is all about sales and client service. Legal transcription ($30.56 That creates mountains of work for court reporters, and legal transcriptionists can help!

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The Motley Fool

DECEMBER 18, 2024

In addition, just this past week, the German Federal Ministry and Minister of Food and Agriculture approved the plan to allow research-focused commercial cannabis pilot programs to test legal and regulated access to cannabis for consumers. With the Motif acquisition, we bring another powerhouse brand on the Organigram umbrella. box hearts.

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The Motley Fool

JULY 15, 2023

Insurance, retirement accounts, investments, assets, and wills can complicate the process. Gather financial accounts and legal documents First, you want to gather all your parents' financial accounts and relevant legal documents (if your parents are anything like mine, this is much easier said than done).

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The Motley Fool

DECEMBER 8, 2023

This article is intended for educational purposes only and is not legal advice. You'll avoid the intestacy laws While wills still must clear probate in many states, a last will and testament provides vital legal documentation on dividing your assets and possessions the way you want. Here are three reasons. You get the idea.

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Private Equity Wire

NOVEMBER 19, 2024

Alternative investments make up a substantial portion of MainePERS’ portfolio, accounting for 57.5% of its total assets. This category includes private equity, infrastructure, natural resources, alternative credit, real estate, and risk-diversifying strategies.

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The Motley Fool

MAY 15, 2024

Legal challenges and market perception If you've heard of Ripple at all, it's probably because of the legal challenge it's facing. Ripple doesn't want to settle the case, aiming to set a legal precedent for the crypto industry as a whole. Howey is a legal principle established in a 1946 Supreme Court case. Here's why.

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The Motley Fool

JUNE 25, 2024

Most cannabis stocks have lost the majority of their value over the past five years due to a litany of trials and tribulations, such as the slow pace of legalization in the U.S., Still, most experts believe cannabis will eventually become legally permissible and broadly accessible for adults in key geographies like the E.U.

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The Motley Fool

JULY 6, 2024

Step 2: Establish your legal framework (Cost: $0 - $20) Think about what type of business structure will work best for you. Unlike a sole proprietorship, an LLC draws a legal line between you and your business. Open a business bank account: Many banks offer specialized accounts designed for small businesses, some even at no cost.

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The Motley Fool

OCTOBER 24, 2024

Gross margin represents the revenue remaining from selling a product after accounting for direct production and selling costs. Political and legal pressure mounts Supermicro's management blames the margin erosion on competition and a tight inventory of key components. While the company's revenue jumped 200% year over year to $3.85

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The Motley Fool

OCTOBER 8, 2023

You want to grow your business bank account balance while making smart investments in your company's future, so you don't want to spend on anything unnecessary. Spending money on insurance can be crucial to make sure the company can stay afloat and not have to empty its bank account for problems.

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The Motley Fool

AUGUST 1, 2024

Fortunately, there are many ways to make money online -- and put extra cash in your savings account -- without social media. Wouldn't it be great to have a few extra thousand dollars in the bank or your brokerage account , just from the time you spend on your phone? Let's look at a few!

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The Motley Fool

DECEMBER 5, 2023

The Dutch-American microchip maker posted solid earnings last month, but the fuel for NXP's fires actually came from a different source: a long-running legal dispute settled on Nov. The outcome was not in NXP's favor, but investors applauded as the legal cloud dissipated at a modest financial cost. higher on Nov. jump on Nov.

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Private Equity Wire

NOVEMBER 21, 2024

Grant Thornton is one of the oldest professional services firms in the UK, dating back to 1904, and today is one of the UK’s largest accounting and advisory services firms. Grant Thornton was advised by Rothschild (M&A), DLA Piper (Legal), LEK (Commercial), and EY (Financial & Tax).

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The Motley Fool

AUGUST 13, 2023

While there are already legal challenges to the new plan, there's a good chance that the relief efforts will be implemented -- so here's what borrowers need to know about them, and how they could result in eventual loan forgiveness for you. Periods of forbearance, including the COVID-19 repayment pause. How do you take advantage?

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The Motley Fool

AUGUST 6, 2023

The distribution of wealth among beneficiaries through your final will and testament is often a complex and sensitive issue, one that can potentially spark conflicts and legal challenges among family members. Hire an attorney to draft a will First and foremost, don't go it alone. That could be the executor or your attorney, for example.

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The Motley Fool

OCTOBER 12, 2024

This article is intended for educational purposes only and is not legal advice. A hidden benefit I can appreciate A living trust is a legal arrangement that allows you to pass assets on to other people. Probate is the legal process of confirming a will's validity. For guidance on your personal situation, please contact a lawyer.

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The Motley Fool

AUGUST 25, 2024

This report also takes into account fiscal and monetary policy shifts, along with demographic changes, to forecast how financially "healthy" the program will be over the long term -- that is, the 75 years following the release of a report. In other words, a steady decline in legal net migration into the U.S. Since 1998, the U.S.

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The Motley Fool

SEPTEMBER 19, 2023

This article is intended for educational purposes only and is not legal advice. They're also both important legal documents that can go a long way to ensure your wishes are met when that time comes. The latter is a legal document in which you lay out how you want your assets distributed when you die. Image source: Getty Images.

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The Motley Fool

OCTOBER 31, 2024

Image source: Getty Images If you're starting a small business, generally the first step is setting up the legal structure of your business. You may also need to pay a fee and set up a separate business checking account. You're more likely to want legal protection, and having an LLC shows professionalism. Still not sure?

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The Motley Fool

JANUARY 7, 2024

The trustees take into account a number of factors, including demographics changes, along with shifts in fiscal and monetary policy, when issuing their forecast on Social Security's financial outlook. Social Security is a program that's heavily reliant on people legally migrating into the U.S. Most people who move to the U.S.

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