We have been asked this question many times by startup founders.

Business Documents Requested By US Banks

 Certificate of Formation – also referred to as ‘Articles of Organization’  or Certificate of Good Standing for companies established more than 1 (one) year ago,

  • Foreign Registration Documents from the state(s) where LLC operates – Not necessary unless your LLC is also registered in another state in the US)
  • Assumed Name Certificate – also referred to as ‘DBA (doing business as) Certificate’ (It is required if LLC operates with a business name other than its legal name).
  • Copy of IRS letter showing and Employer Identification Number (EIN),
  • Operating Agreement,
  • Resolution – Meeting Minutes showing the appointment of Manager Or Certificate of Authority LLC  Resolution – Meeting Minutes showing the appointment of Manager to open a bank account on behalf of the LLC.
  •  Address proof (i.e., lease agreement, verifying the physical business address)
  • Business plan (if any), Not required by all banks
  • The last six months of bank account statements (if any), (You must mention the company is brand new had has no bank account yet)
  • Financial Statements/Tax Return (You must mention the company is brand new and has no tax returns, or financial statements)
  • W-9 Form
  • Social Security or Individual Tax Identification Number of the Manager

 

(Bold items are the minimum requirements.)