Writing a FBO check helps to ensure that the funds will be used for a specific purpose, but in this case, the assisted living facility is considered as the custodian of the funds. The custodian endorses the check. Some banks will require both parties to endorse the check. Consult your ban...
Owners, in turn, know the employees and know that they can trust them. Knowledge can be passed on years before the handover and, last but not least, it is ensured that internal company information does not fall into the hands of third parties. From the point of view of the “selling”...