-Could you explain your situation a little more?Was this a corporation or a proprietorship?
DearCustomer- So long as the corporation is not dissolved then the money can be deposited into the corporate bank account. You can keep the corporation charter even after you stop doing business in order to wrap up all the affairs of the business. Once the charter is surrendered it may be difficult to cash or deposit any checks.
If you are an LLC you would have a corporate charter in order to operate as an LLC. If the business was just in your name then you would be able to keep the business account open and deposit the money just as you do now.
DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.
The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).