BUSINESS ACCOUNT OPENING CHECKLIST

Last revised April 1, 2021

ALL BUSINESS TYPES NEED TO PROVIDE THE FOLLOWING

Legal documentation that shows when the company was formed

EIN or SSN number for entity

A valid driver’s license (or government issued ID)
and Social Security numbers for all individuals
who will be authorized signers on the account
and/or beneficial owners

REQUIRED INFORMATION BY COMPANY TYPE

Sole Proprietorship: Unincorporated Lodges, Associations:

Certificate of assumed name (not applicable if By-laws (if applicable)

using sole proprietor’s first and last name in
the business title) Meeting minutes (if applicable)

Limited Liability Companies (LLC): Partnerships & Limited Liability Partnerships (LLPS)

Articles of Organization Partnership Agreement

Operating Agreement Registered with the MN Secretary of State

Registered with the MN Secretary of State Certificate of Assumed Name (if applicable)

Certificate of Assumed Name (if applicable)

Corporations:

Articles of Incorporation

Corporate By-laws

Registered with the MN Secretary of State

Certificate of Assumed Name (if applicable)

WEBSITES

Minnesota Secretary of State www.sos.state.mn.us

How to Start a Business startabusiness.org/mn
Obtaining an EIN www.irs.gov

700 Seville Drive, Suite 100, Jordan, MN 55352 1621 East Hennepin Ave, Suite 200, Minneapolis, MN 55414 RIVERLAND.BANK
P 952-492-2750 | F 952-492-6944 P 612-234-6301 | F 612-234-6332