Business Account Document Checklist

Opening a new business account is smoother when documents are ready up front. Use this checklist to gather what’s needed so setup can move quickly.

Helpful Sites for All Businesses

IRS tax information site for businesses: Business Internal Revenue Service
Minnesota Secretary Business Registration site: Minnesota Secretary of State Business Forms and Fees
NAICS Code - Standardized business classification system: North American Industry Classification System NAICS U.S. Census Bureau

For All Business Types

Taxpayer Identification Number
Physical address
Active registration with the MN Secretary of State
Certificate of Beneficial Ownership

Sole Proprietorships

Certificate of Assumed Name
Date of formation

Business Corporations & Nonprofit Organizations

Full legal name of business, including any DBAs
Date of formation
Articles of Incorporation / Bylaws
Minutes of Resolution confirming Authorized Signers

Limited Liability Company (LLC)

Full legal name of business, including any DBAs
Date of formation
Certificate of Organization
Operating Agreement or Resolution or minutes confirming Authorized Signers

Single Owner LLC

Full legal name of business, including any DBAs
Date of formation
Articles of Incorporation
Operating Agreement

Partnerships

Full legal name of business, including any DBAs
Date of formation
Partnership Agreement
Certificate of Partnership

Unincorporated Associations

Full legal name of business, including any DBAs
Certificate of Good Standing
Minutes containing a list of Authorized Signers

Miscellaneous Documents (as applicable)

IOLTA accounts: Registration with MN Supreme Court Lawyer Registration office
IRETA accounts: Registration with MN Commerce Department

We provide business banking, personal banking, mortgage lending, and financial services to businesses and individuals across the western Twin Cities. Explore our local banking locations in Saint Louis Park, Robbinsdale, Hopkins, and Plymouth to find the branch most convenient for you.