Limited Liability Company (LLC) - Business Account Opening Guide

Qualification:

To qualify for membership, your business must be headquartered or have a physical presence in Humboldt, Del Norte, or Trinity County and at least one Managing Member or Manager of the LLC eligible for a Personal Membership.

Who Should be Present at Account Opening:

All signers named in the Articles of Organization or Operating Agreement authorized to transact on the account.

Documentation Requirements:

    • Proof of Employer Identification Number (EIN) – IRS SS-4 Letter or confirmation from IRS website
    • Operating Agreement
    • Written consent by all managing members authorizing signers to transact who are not named in Operating Agreement
    • Articles of Organization (Secretary of State)
    • Fictitious Business Name Statement if operating as a DBA

Managing Member(s)/Signer(s) ID Requirements:

  • Valid Government-issued photo ID; examples:
    • US citizens: state-issued Driver’s License, passport, etc.
    • Non-US citizens: Permanent Resident Card (Green Card); passport of country of nationality or Matricula Consular ID card, depending on citizenship status
  • Social Security number

Requirements for Beneficial Owner(s) & Individual with Significant Responsibility:

  • Valid Government-issued photo ID
  • Social Security number
  • Percentage of ownership
  • Phone number

Other Information May Be Requested:

  • Years in operation
  • Number of employees and locations
  • Expected transaction volume (checks written and deposited, wires, ACH, etc.)
  • Expected method of deposit and vendor payment
  • Nature of business and products and services offered to clients

For questions, call Member Support at (707)445-8801 or Live Chat or schedule an appointment.

Business documentation registered in California can be verified and printed from the Secretary of State website (bizfileonline.sos.ca.gov). Businesses registered in a different state will use that state’s Secretary of State website. IRS Form 990 can be verified and printed on the IRS website (irs.gov). At the top of page, click Charities and Non Profits.

Hit enter to search or ESC to close