Business Account Checklist

Based on your business type, we require the following forms to open your Business Account.

Sole Proprietorship*:

  • Can be individual owner or married couple

  • Valid Picture Identification (Government Issued State Driver’s License/ID, Passport, Military I.D.)

  • Social Security Number or EIN of the Sole Proprietorship (must have Employee Identification Number (EIN) with two or more employees)

  • If using EIN, will require a copy of the IRS letter issuing the EIN

  • Assumed Business Name Certificate (required when using a name other than the Sole Proprietor’s)

General Partnership, Limited Partnership (LP) and Limited Liability Partnership (LLP)*:

  • Can be individuals or business entities

  • Valid Picture Identification for ALL Signers and Partners (Government Issued State Driver’s License/ID, Passport, Military I.D.)

  • Residential Address and Social Security Number for each partner and all signers and partners

  •  Tax ID Number for the Business (Employee Identification Number (EIN) issued by the IRS)

  • Partnership Agreement

  • Corporation (C Corp or S Corp)*:

  • Can be individuals or business entities

  • Valid Picture Identification for ALL Signers (Government Issued State Driver’s License/ID, Passport, Military I.D.)

  • Residential Address and Social Security Number for each partner and all signers and partners

  • Tax ID Number for the Business (Employee Identification Number (EIN) issued by the IRS)

  • Articles of Incorporation

Limited Liability Company (LLC) and Professional Limited Liability Company (PLLC)*:

  • Individuals as “members”

  • Valid Picture Identification for ALL Signers (Government Issued State Driver’s License/ID, Passport, Military I.D.)

  • Residential Address and Social Security Number for each partner and all signers and partners

  • Tax ID Number for the Business (Employee Identification Number (EIN) issued by the IRS)

  • Articles of Organization

Non-Profit Organization*:

  • Must qualify under tax code section 501 (c) (3) and provide a copy of the IRS issuing letter

  • Valid Picture Identification for ALL Signers (Government Issued State Driver’s License/ID, Passport, Military I.D.)

  • Residential Address and Social Security Number for each partner and all signers and partners

  • Tax ID Number for the Business (Employee Identification Number (EIN) issued by the IRS)

  • Articles of Incorporation

Club, Organization, or Recreational*:

  • Individuals

  • Valid Picture Identification for ALL Signers (Government Issued State Driver’s License/ID, Passport, Military I.D.)

  • Residential Address and Social Security Number for each partner and all signers and partners

  • Tax ID Number for the Business (Employee Identification Number (EIN) issued by the IRS)

NOTE: A ChexSystems report will be required for all sole-proprietors, partners, and owners of LLCs and Corporations. This is a report obtained by the Credit Union at the time of account opening.

* Businesses will be required to complete a Business Due Diligence form and a ownership information sheet, also known as the Beneficial Ownership form, at account opening.

 

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