Business Account Requirements

Helping You Get Started

hand signing a contract

We are here to help. To get started with opening your Business Account, you will be asked to present the following forms or official documentation. 

Required Documentation for a Sole Proprietor Account

  • Unexpired Government Issued ID
  • Tax ID Number (usually a Social Security Number): Account opened in the name of the individual
    with "Doing Business As (DBA) name record
  • Filed Fictitious Name Certificate: Individuals are not required to register with State of Ohio. If not registered, some type of documentation tying the individual to the business should be obtained (i.e. Vendors License, sales tax certificate)

Required Documentation for Partnership Account

  • Unexpired Government Issued ID
  • Partnership EIN (IRS Form SS-4)
  • Partnership Agreement
  • Filed Trade Name Registration/Fictitious Name Certificate

Required Documentation for Limited Liability Company (LLC) Account

  • Unexpired Government Issued ID
  • EIN (IRS Form SS-4): If a single member LLC using a SSN, account will be opened in the individual's name with a DBA name and record for the LLC
  • Articles of Organization
  • Operating Agreement

Required Documentation for Corporation Account

  • Unexpired Government Issued ID for all authorized signers
  • EIN (IRS Form SS-4)
  • Articles of Incorporation 
  • Operating Agreement

Required Documentation for a Non-Profit Organization / Charity Account  

  • Unexpired Government Issued ID for all authorized signers
  • EIN (IRS Form SS-4)
  • Articles of Incorporation/Association of By-Laws
  • Meeting minutes naming authorized signer


Contact a Business Services Manager
Additional forms and official documents may be required for loan approval. Your Business Services Manager will provide a complete checklist and assist you throughout the application process.

 

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BMI Federal Credit Union reserves the right to terminate an account relationship if an account owner engages in unlawful internet gambling or other activities prohibited by law.