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

    Please note: Additional documentation may be required depending on your business type or situation. Contact us if you’re unsure or need help confirming what to bring.