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.)