Menu
Home>Levelset Community>Legal Help>Business accounts for construction trust funds

Business accounts for construction trust funds

New York

In NYS can a business account be used for trust funds as related to construction projects?

2 replies

Jan 17, 2022
it is not the best practice, but if the funds are comingled before trust beneficiaries are paid, then the books must clearly account for each penny in the trust account.
0 people found this helpful
Helpful
Jul 19, 2022
Great Article! This info really helped me alot. Anyone looking for rebuilding, renovation of houses or any kind of construction work so please visit on the mentioned link below. https://www.technoremodeling.com/services/ THANKS.
0
Report Spam