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, 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 needed
Organization/Association
- Meeting minutes listing who has authority to conduct business for this organization/association—signed by officers
- Secretary of State filing
Partnership
- Partnership Agreement
- Partnership Tax Return (K1) —if there is no partnership agreement
- Secretary of State filing—if general partnership, Secretary of State filing is not required
LLC
- Operating Agreement
- LLC Tax Return (K1)—if there is no operating agreement
- Single Member LLC—EIN Verification Letter
- Secretary of State filing
S Corporation
- Requires one of the following:
- By-laws
- Annual Report
- Business Tax Return (K1)—if there is no charter or by-laws
- Secretary of State filing
Corporation
- Requires one of the following:
- By-laws
- Annual Report
- Secretary of State filing