Business Accounts
We offer several types of business accounts here at Columbia Credit Union. To make the opening easier, here is a list of what we will need to open the different types of business accounts.
DBA/Sole Proprietorship
- Verification of valid Fictitious Name Registration (if other than member’s own name)
- 60 days of previous business bank statements (if business is new, 60 days of personal bank checking statements)
- Certification of Tax ID or Social Security Number
- Business license/Sales Tax Certificate/Seller’s Permit (may be optional in some cities or counties)
- Appropriate identification for all signers
- Signatures of all authorized signers (must sign in person or have their signature notarized on the signature card)
Organizational/Club
- Certified copy of resolution
- Management Agreement
- Articles of Incorporation if incorporated
- Certificate of Good Standing if not incorporated
- By-Laws (must include statement confirming non-profit status in accordance with IRS code)
- 60 days of previous business bank statements
- Certification of Tax ID
- Signatures of all authorized signers (must sign in person or have their signature notarized on the signature card)
Corporation
- Certified copy of resolution
- Articles of Incorporation
- Certification from Secretary of State
- 60 days of previous business bank statements
- Certification of Tax ID
- Signatures of all authorized signers (must sign in person or have their signature notarized on the signature card)
- Minutes of meeting stating instructions to open account
LLC
- Certified copy of resolution
- Management agreement
- Articles of Incorporation
- 60 days of previous business bank statements
- Certification of Tax ID
- Business license/ sales tax certificate/seller’s permit (optional in some cities or counties)
- Appropriate identification for all signers
- Signatures of all authorized signers (must sign in person or have their signature notarized on the signature card)
