Ownership of funds: In an FBO account, the funds are legally owned by the beneficiaries, not by the account holder (the business managing the account). Account holders act as a fiduciary, meaning they have a legal responsibility to manage the funds in the best interest of the beneficiar...
Ownership of funds: In an FBO account, the funds are legally owned by the beneficiaries, not by the account holder (the business managing the account). Account holders act as a fiduciary, meaning they have a legal responsibility to manage the funds in the best interest of the beneficiar...
Ownership of funds: In an FBO account, the funds are legally owned by the beneficiaries, not by the account holder (the business managing the account). Account holders act as a fiduciary, meaning they have a legal responsibility to manage the funds in the best interest of the beneficiaries...