Willowbrook, IL asked in Banking and Business Law for Illinois

Q: trying to make a determination on corp account escrow or not

We are hiring truck drivers for our company and want to hold $125 week out of their pay (for repairs or abandonment) until they hit $1,000- $3,000k. Would this have to be in a escrow account? The money will be in the account for the duration of their employment.

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1 Lawyer Answer
Demitrus Thomas Evans
Demitrus Thomas Evans
  • Business Law Lawyer
  • Hillside, IL

A: Corp account escrow or not? Can you provide some details on the issue?

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