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How to Open a Business Account

Opening a business account at Legend Bank is simple and hassle-free. To help you get started, we’ve outlined the standard steps and required documents.

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Legend Bank makes it easy to open a business account tailored to your needs, whether it’s checking for daily operations, savings to grow your funds, or specialized accounts for your business type.

Account Opening Requirements

Account owners must be at least 18 years old and will need the following:

  • Valid U.S. government-issued ID, such as a driver’s license, state ID, military ID, permanent resident alien card, or passport
  • Social Security Number
  • Current physical address
  • Phone number

Documents Required by Business Type

  • Business Entity Type
  • Corporation (INC, PA, PC)
  • General Partnership
  • Limited Partnership (LP, LTD, Limited)
  • Limited Liability Partnership(LLP or LLLP)
  • Limited Liability Company (LLC)
  • Non-Profit Organization or Association
  • Sole Proprietorship
Additional Documentation Needed
  1. Certificate of Incorporation or Certificates of Formation and Filing
  2. Articles of Incorporation, By-Laws or Corporate minutes identifying elected officers
  3. Registration of a Foreign Entity, if applicable
  4. Current Assumed Name Certificate, if applicable
  5. Copy of driver’s license for each signer, beneficial owner and control person
  6. EIN
  1. Current Assumed Name Certificate
  2. Partnership Agreement or Operating Agreement, if applicable
  3. Copy of driver’s license for each signer, beneficial owner and control person
  4. EIN
  1. Certificate of Limited Partnership or Certificates of Formation and Filing
  2. Partnership Agreement
  3. Assumed Name Certificate, if applicable
  4. Copy of driver’s license for each signer, beneficial owner and control person
  5. ID of General Partner, along with supporting documents for the GP
  6. EIN
  1. Registration of Formation of LLP or Certificates of Formation and Filing of LLLP
  2. Partnership Agreement
  3. Current Assumed Name Certificate, if applicable
  4. Copy of driver’s license for each signer, beneficial owner and control person
  5. EIN
  1. Certificate of LLC and Articles of Organization or Certificates of Formation and Filing
  2. Operating Agreement identifying Managers or Members (Optional)
  3. Current Assumed Name Certificate, if applicable
  4. Copy of driver’s license for each signer, beneficial owner and control person
  5. EIN
  1. Bylaws, Charter, Constitution, or minutes (document) naming elected officers
  2. Physical address of organization if mailing address is different
  3. Identification, name, address of residence, DOB, SSN for all signers
  4. EIN
  1. Assumed Name Certificate
  2. Identification (copy of DL/ID, DOB, home address, physical address of business)
  3. Sole Proprietor’s SSN
    Documents Required by Business Type
    Business Entity Type Additional Documentation Needed
    Corporation (INC, PA, PC)
    1. Certificate of Incorporation or Certificates of Formation and Filing
    2. Articles of Incorporation, By-Laws or Corporate minutes identifying elected officers
    3. Registration of a Foreign Entity, if applicable
    4. Current Assumed Name Certificate, if applicable
    5. Copy of driver’s license for each signer, beneficial owner and control person
    6. EIN
    General Partnership
    1. Current Assumed Name Certificate
    2. Partnership Agreement or Operating Agreement, if applicable
    3. Copy of driver’s license for each signer, beneficial owner and control person
    4. EIN
    Limited Partnership (LP, LTD, Limited)
    1. Certificate of Limited Partnership or Certificates of Formation and Filing
    2. Partnership Agreement
    3. Assumed Name Certificate, if applicable
    4. Copy of driver’s license for each signer, beneficial owner and control person
    5. ID of General Partner, along with supporting documents for the GP
    6. EIN
    Limited Liability Partnership (LLP or LLLP)
    1. Registration of Formation of LLP or Certificates of Formation and Filing of LLLP
    2. Partnership Agreement
    3. Current Assumed Name Certificate, if applicable
    4. Copy of driver’s license for each signer, beneficial owner and control person
    5. EIN
    Limited Liability Company (LLC)
    1. Certificate of LLC and Articles of Organization or Certificates of Formation and Filing
    2. Operating Agreement identifying Managers or Members (Optional)
    3. Current Assumed Name Certificate, if applicable
    4. Copy of driver’s license for each signer, beneficial owner and control person
    5. EIN
    Non-Profit Organization or Association
    1. Bylaws, Charter, Constitution, or minutes (document) naming elected officers
    2. Physical address of organization if mailing address is different
    3. Identification, name, address of residence, DOB, SSN for all signers
    4. EIN
    Sole Proprietorship
    1. Assumed Name Certificate
    2. Identification (copy of DL/ID, DOB, home address, physical address of business)
    3. Sole Proprietor’s SSN

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