Globalink
offers its customers a variety of investments accounts to choose from.
You can open Individual Accounts, Joint Accounts, and Custodial Accounts
online.
Individual Accounts
If you are interested in opening an account for one person, and that
person is not a minor, you can open an individual account. The account
form must include a social security number if you are a U.S. Citizen or
a Resident Alien. The person named on the account is responsible for all
account activity and all of its tax liabilities.
Foreign Accounts
If you are claiming foreign citizenship, then we do not need your social
security number on your account form or required documents. You will
need to fill out and sign your online service agreement, W-8 and 1001
forms.
Joint Accounts
This account is opened when two people would like to open up one
brokerage account and wish to be listed together. The primary tenant's
social security number will be used for the account and is also
responsible for all tax liabilities for the account. All checks and
written correspondence must be in both tenants' names.
Joint Tenants with Rights of
Survivorship (JTWROS)
In the case of death of one of the tenants listed on the account, the
surviving tenant will gain soul possession of the account.
Joint Tenants in Common
(JTTEN)
In the case of death of one of the tenants listed on the account, the
surviving tenant receives his/her portion. The deceased person's portion
will revert to his/her estate.
Custodial Accounts
This account is created for the benefit of a minor (an individual under
the age of 18), with an adult as the custodian. This type of account
cannot have margin capabilities and the custodian, not the minor, must
sign all required documents.
You
have the choice of establishing different types of brokerage accounts.
Other accounts you may open include:
Investment Club
A group of retail investors who pool some of their money and make joint
investments. This account is registered in the name of the investment
club. We require that one person be listed as the contact for the club.
The benefits are diversification and shared knowledge.
Partnership
A type of unincorporated business organization in which multiple
individuals, called general partner(s), manage the business and are
equally liable for its debts; other individuals called limited partners
may invest but not be directly involved in management and are liable
only to the extent of their investments. We require that one person be
listed as the contact for the partnership.
Corporate
The most common form of business organization, and one, which is
chartered by a state and given many legal rights as an entity, separate
from its owners. Characterized by the limited liability of its owners,
the issuance of shares of easily transferable stock, and existence as a
going concern. This account must be opened in the name of the
corporation. You must have a corporate resolution on file with a
corporate seal or a notarized copy.
Trust
This account must be opened in the name of the trustee. A copy of the
trust agreement must be provided for our records.
Sole Proprietorship
A business structure in which an individual and his/her company are
considered a single entity for tax and liability purposes. This account
must be opened in the name of the sole proprietorship and you will need
to provide the tax identification number of the proprietorship.
Retirement
Accounts
In addition, Globalink wants you to make the most of your retirement
savings. Please Call for more Detail about our retirement services.
