How to open a bank account for your LLC?
- A banking resolution – this is an official document to authorize members of a business to open a bank account on behalf of that business
- Driver’s licenses for every member
- Copies of the original business formation documents to prove the formation of that LLC
How do you open a LLC account?
- Establish an LLC if you haven't done so already This is the most obvious requirement,but it's worth pointing out that you'll need to establish an LLC before you ...
- Have your articles of organization handy If you've already formed your LLC,you'll already have articles of organization. ...
- Gather the required information
Is a LLC required to have a separate bank account?
- While not legally required, a separate bank account setup for your LLC is an important part of maintaining your liability protection. When the company has a separate bank account, it is much easier to prove that you are maintaining a separate legal entity.
What is the best bank to open a business account?
- Best overall: Chase Business Complete Banking℠. Best for sole proprietors and contractors: Novo Business Checking. Best for small businesses: BlueVine Business Checking. Best for medium-to-large ...
Your bank will likely require you to bring the following documents: A copy of your LLC's articles of organization, certificate of formation or an equivalent document, depending on the state in which you registered your LLC. Your LLC's federal taxpayer identification number (EIN, or Employer Identification Number)