What to bring to open a Limited Liability Company Account
To open a business account:
All members of the LLC must be a member or be eligible for membership. A membership savings account with a minimum $5 deposit is required at account opening.
Additionally, we will need the following:
- Articles of Organization for the LLC must be filed with the Secretary of State and the business must show active on their web site.
- Certificate of Assumed Name filed with Secretary of State – only required if doing business as (DBA) a different business name
- Employer Identification Number (if you are a single-person LLC, you may use your Social Security number)
- Name, physical address, email, Social Security number, date of birth, mother's maiden name, primary identification (i.e. driver's license), secondary identification (i.e. state ID, student ID, employment ID, insurance card), employer and occupation of persons opening account on behalf of the legal entity.
- Name, date of birth, physical address, primary photo identification (such as driver's license or passport- photocopy is acceptable) and social security number for each individual who directly or indirectly owns 25% or more of the equity interests of the legal entity. Ownership percentage will be needed.
- Name, title, date of birth, physical address, primary photo identification (such as driver's license or passport- photocopy is acceptable) and social security number for the one individual who has significant responsibility for managing the legal entity.
© 2024 IU Credit Union. All Rights Reserved.
