Limited Liability Company Accounts Customer Account Documents 2025

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Be prepared to provide your Social Security number, employer identification number, home address, business address, and registered agent information. The bank may also ask for your business formation documents, such as your articles of organization, operating agreement, and business license.
For instance, if youre a single-member LLC, you may not be legally required to have an EIN. But getting one before you open a business bank account for your LLC will ensure you have as many options as possible. It sets you up for future growth.
Chase Business Complete Checking (Formerly Business Total Checking) This account is the recommended option for small businesses, and entrepreneurs just starting out. You can make up to 100 eligible transactions per statement cycle for free, and will pay $0.40 for transactions above than number.
The best banks for LLCs include American Express, Chase, , Citibank, , Wells Fargo, US Bank, and PNC. These banks are part of the Small Business Financial Exchange, which sets guidelines for good NAICS codes, an important factor in obtaining funding.
How Much Should You Have In Your Business Savings Account? Aim to save at least 10% of your monthly profits, with 3-6 months operating expenses in reserve. This is especially true if your business is seasonal and receives most of its profits over a few months.

People also ask

Can I deposit a business check in my personal account? No, you should not deposit a check that was made out to a business into a personal account. While it may seem convenient to use both business and personal checking accounts interchangeably, it is never worth the potential problems involved.
Articles of Organization is the document for forming an LLC in California.

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