All business accounts require:
- Business name
- Physical address and contact number
- Tax ID number or EIN
- Government issued photo identification for all signers
- Beneficial ownership information (includes SSN or passport number of non U.S. citizen owner, date of birth, street address, and government issued photo ID of all owners)
Additional requirements by business type below:
Sole Proprietorship (DBA)
- No additional documentation required
Club and Civic Organizations
- Meeting minutes signed by officers
Partnership
- Secretary of State filing
- Partnership Agreement or Partnership Tax Return K1
- Authorization Letter (not required if all partners are signers on the account)
LLC
- Secretary of State filing
- Operating Agreement or LLC Tax Return K1 (single member LLC may provide EIN Verification Letter)
- Authorization Letter (not required if all members are signers on the account)
S Corporation
- Secretary of State filing
- By-Laws, Annual Report, or Business Tax Return K1
- Authorization Letter (not required if all incorporators are signers on the account)
Corporation
- Secretary of State filing
- Bylaws or Annual Report
- Authorization Letter (not required if all directors are signers on the account)