Documentation Needed to Open a Business Account



 

Corporation – Business name contains “company,” “corporation,” “incorporated,” or an abbreviation

  • EIN (Employer Identification Number)
  • Articles of Incorporation as filed with and stamped by the appropriate state official

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Partnership -  (General, Limited) – An unincorporated business owned by 2 or more people

  • EIN (Employer Identification Number)
  • Partnership Agreement
  • Valid business license
  • Certificate of Limited Partnership as filed with and stamped by the appropriate state official or other government issued license verifying the business name

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Sole Proprietorship – An unincorporated business owned by an individual

  • Employee Identification Number (EIN) or a Social Security Number (SSN)
  • Valid business or occupational license
  • Fictitious Name Certificate or Certificate of Trade Name (if applicable) or Assumed Name Certificate, as applicable in state law

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Limited Liability Company - Business name contains "LLC"

  • EIN (Employer Identification Number)
  • Valid Business License
  • Articles of Organization
  • Assumed Name Certificate, applicable in state law

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Unincorporated Organization or Association – Nonprofit business

On the organization's letter head, include:

  • Minutes from the last business meeting
  • List of authorized signers, officers, and trustees

 

Note:  The entities documentation requirements listed above are basic.  There may be times when additional documentation is required.

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