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What type of paperwork is required in order to open an account?

April 26, 2017account paperwork type

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What type of paperwork is required in order to open an account?

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1. A Tax Identification Number is required for all types of businesses. Sole proprietorships and solely owned LLCs can use either a Tax Identification Number or the owner’s Social Security Number. 2. Any business that is doing business as another name (also know as a DBA) requires an Assumed Name Certificate. 3. Corporations, Partnerships, and LLCs can be verified through the Secretary of State or present the appropriate paperwork: Articles of Incorporation (corporation), Articles of Organization (LLC), or Partnership Agreement (partnerships). 4. If the business is not registered in either LA or TX, a Certificate of Authority is required. 5. All businesses must complete the bank’s signature card and resolution when opening their accounts.