Restaurants and Catering Trucks Net 30 accounts. You must be an authorized officer and controlling party of the business to submit this application. When opening an account, Federal regulations require that we obtain, verify, and record information for beneficial owners of an entity customer. For this application, Beneficial Owners are key individuals who directly or indirectly own the company, at a level of 25% or greater ownership, or are the trustee of a trust that has 25% or greater ownership. If a trust owns 25% or greater, then enter the trustees information as the owner.
