What documentation is required to open a business account?

Documentation required for business accounts will be determined by the entity structure of the business.

Sole Proprietor, including DBA businesses
  • Business license from the city where the business is located (if applicable)
  • Filed trade name registration from the county where located (if applicable)
  • Certification of TIN or EIN from the IRS

Limited Liability Company (LLC)

  • Business license from the city where the business is located (if applicable)
  • Articles of Organization from Secretary of State (GA or SC)
  • Copy of current operating agreement for the entity
  • Certification of EIN from IRS 
  • Filed trade name registration (if applicable)

Incorporated Entity or Corporation

  • Business license from the city where the business is located (if applicable)
  • Articles of Incorporation from Secretary of State (GA or SC)¹
  • Copy of current bylaws for the entity
  • Certification of EIN from IRS
  • Filed trade name registration (if applicable)

 Non-Profit Organization

  • Articles of Incorporation from Georgia or South Carolina Secretary of State (if incorporated)
  • Certification of EIN from IRS
  • Copy of organization bylaws 
  • Copy of minutes to meeting reflecting individuals authorized to open accounts

Unincorporated Partnership

  • Business License from the city where the business is located (if applicable)
  • Copy of partnership agreement for the entity
  • Copy of EIN certification of the entity
  • Filed trade name registration from the county where the business is located (if applicable)

Limited Liability Partnership (LLP)

  • Business license from the city where the business is located (if applicable)
  • Articles of Organization from Secretary of State of Georgia or South Carolina
  • Certification of EIN from IRS
  • Copy of partnership agreement for the entity
  • Filed trade name registration from the county where the business is located (if applicable)

Peach State will provide additional documentation at the time of account opening. 

To learn more about Business accounts, contact us or visit any of our convenient branch locations today!

 

1 If entity’s home base is in another state, a Certificate of Authority from the Georgia or South Carolina Secretary of State will be required in addition to the home state’s Articles of Incorporation.