Information Required to Open a Business Account

BUSINESS TYPES:

Sole Proprietorship:

  • SSN or Business Tax ID number
  • Business name filing document, such as a Fictitious name Certificate or Certificate of Trade Name, showing both business and owner's name, OR
  • Business License showing both business and owner's name
  • Identification (such as a driver's license) required from signer(s)

If the business name includes the owner's last name, no documents are required.

Corporation

  • Business Tax ID number
  • Articles of Incorporation or Certificate of Incorporation
  • Identification (such as a driver's license) required form signer(s)

If you're a nonprofit corporation, you need an IRS ruling letter of tax exemption under the IRC 501C.  If you're unable to provide the IRS ruling letter, you must obtain a notarized statement on organization letterhead from the officers or directors, stating that the organization is exempt from tax reporting under IRC 501C.

Limited Liability Company

  • Business Tax ID number
  • Articles of organization
  • Identification (such as a driver's license) required form signer(s)

General Partnership

  • Business Tax ID number
  • Partnership Agreement showing business name and name of partners, OR
  • Business name filing document, such as a Fictitious Name Certificate or Certificate of Trade Name, showing business name and name of partners
  • Identification (such as a driver's license) required from signer(s)

Limited Partnership

  • Business Tax ID number
  • Limited Partnership Agreement showing business name and name of partners, OR
  • Business organizing document filed with and certified by state official, such as Certificate of Limited Partnership, showing business name and name of partners
  • Identification (such as a driver's license) required from signer(s)

Limited Liability Partnership

  • Business Tax ID number
  • Limited Liability Partnership Agreement showing business name and name of partners OR
  • Business organizing document filed with and certified by state official, such as Certificate of Limited Liability Partnership, showing business name and name of partners
  • Identification (such as a driver's license) required from signer(s)

Unincorporated Association

  • Business Tax ID number
  • Business name filing document, such as a Fictitious Name Certificate or Certificate of Trade Name
  • Organizing document, such as Articles of Association (if available) or bylaws
  • Identification (such as a driver's license) required from signer(s)

 

Don't have a business license?  You can get more details at the Small Business Association website.

Don't have an Employer Identification Number?  You can get additional information and apply for an EIN online at the Internal Revenue Service website.