IMPORTANT UPDATE!

2011 will bring some exciting updates to our website.  As you know, Suffolk First Bank completed its merger with Xenith Bank in December 2009.  Continue reading...

Documentation Needed to Open a Business Account

• Corporation
• Partnership
• Sole Proprietorship
• Limited Liability Company
• Unincorporated Organization or Association

Corporation – Business name contains “company,” “corporation,” “incorporated,” or an abbreviation

• EIN (Employer Identification Number)
• Articles of Incorporation as filed with and stamped by the appropriate state official

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Partnership -  (General, Limited) – An unincorporated business owned by 2 or more people

• EIN (Employer Identification Number)
• Partnership Agreement
• Valid business license
• Certificate of Limited Partnership as filed with and stamped by the appropriate state official or other government issued license verifying the business name

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Sole Proprietorship – An unincorporated business owned by an individual

• Employee Identification Number (EIN) or a Social Security Number (SSN)
• Valid business or occupational license
• Fictitious Name Certificate or Certificate of Trade Name (if applicable) or Assumed Name Certificate, as applicable in state law

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Limited Liability Company - Business name contains "LLC"

• EIN (Employer Identification Number)
• Valid Business License
• Articles of Organization
• Assumed Name Certificate, applicable in state law

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Unincorporated Organization or Association – Nonprofit business

On the organization's letter head, include:

• Minutes from the last business meeting
• List of authorized signers, officers, and trustees

Note:  The entities documentation requirements listed above are basic.  There may be times when additional documentation is required.

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