Answer:
Assuming that John operates both businesses as a sole proprietor, there's nothing illegal about it. Do watch out for potential problems if this becomes too cumbersome (adding several other business names, for example). You'll have tellers struggling with your endorsement policies, etc. And recognize this for what it may be -- an attempt to avoid having to pay two monthly maintenance fees.
First published on BankersOnline.com 11/21/05
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