Opening a Business Account

Opening A Business Account

Please see any items below you may need for opening a business account.

Contact a Business Professional to Open Your Business Account

Use tab to switch between available options, and press enter or space to move into the content

Sole Proprietorship

Items required to open:

  • Business License or Schedule C, if using a fictitious name

  • EIN Award Letter or Tax Return (Schedule C), if using an EIN instead of SSN

Partnership

Items required to open:

  • Partnership Agreement (required for Limited Partnerships and Limited Liability Partnerships. Documentation noting authority to obtain financial institution services.)

  • EIN award letter or Partnership tax return showing EIN

  • Beneficial Owner Designation Form - provided by the Credit Union

  • Active status with State of TN (LP, LLP, or PLLP)

Corporation

Items required to open:

  • EIN award letter or Corporate tax return showing EIN

  • Signed meeting minutes authorizing account

  • Bylaws or Resolution - Documentation noting authority to obtain financial institution services

  • Beneficial Owner Designation Form - provided by the Credit Union

  • Active status with State of TN

Single-Member LLC

Items required to open:

  • EIN award letter or LLC tax return showing EIN

  • Beneficial Owner Designation Form - provided by the Credit Union

  • Active status with State of TN

Multi-Member LLC

Items required to open:

  • Operation Agreement or similar documentation noting authority to obtain financial institution services

  • EIN award letter or LLC tax return showing EIN

  • Beneficial Owner Designation Form - provided by the Credit Union

  • Active status with State of TN

Unincorporated Associations, Clubs, or Organizations

Items required to open:

  • EIN Award Letter or 990 Filing or similar tax return

  • Bylaws or Minutes - Documentation noting authority to obtain financial institution services

Beneficial Owner Designation

View the Beneficial Owner Designation Form