Obtain your EIN at https://www. irs. gov/businesses/small-businesses-self-employed/apply-for-an-employer-identification-number-ein-online.
Your business license should show both the owner’s name and the business name.
After your state approves your business, you should get back copies. If not, contact your Secretary of State.
A partnership should have a partnership agreement, which should contain your business name and the names of all partners. A limited liability company should have a corporate resolution with a list of authorized signers. A corporation should also have a corporate resolution identify the authorized signers.
If you don’t know what you need, then talk to a new small business owner. Ask where they have their business bank account and what features they like. Ask if they wish the account had anything.
Reduced fees. Some banks will waive banking fees if you keep a minimum in the account every month. Business credit card or line of credit. Small businesses rarely qualify for lines of credit, so you might want to sign up with a bank that is willing to offer one. Coin and currency service. If you have a high volume of cash, you want a bank equipped to handle it. Some banks offer overnight deposit, coin verification, and other services. Courier service. You can arrange daily pickups at your business.
If you aren’t sure what you need, you should consult with your accountant.
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In person. Gather your required documents and visit the nearest branch. Over the phone. Call and provide required information. They will tell you how to submit copies of required documents. Online. Like applying over the phone, you can provide basic information and then send copies of your business documents.
