| Type of Account
| Styling & Ownership | CIP Required Individual & Entity | Account Verification | Owner's Pay | Owner's Liability | Tax Forms Filed |
| Sole Proprietorship | Joe Test DBA Joe's Tires
One Owner
May have authorized signers | Entity Name & Address Unexpired DL
SS Number
EIN Assignment Tax Return | Tax Return, County or State Certificate, OFAC, Check Systems, Credit Report, Resolution, Account Card | Withdrawals | Unlimited | 1040 Sch. C |
| Partnership | Test & Test
Multiple Owners
May have other signers authorized by resolution.
All partners must sign resolution authorizing account opening. All signers do not have to sign account card. | Entity Name & Address Unexpired DL
SS Number
EIN Assignment Tax Return | Tax Return, County or State Certificate OFAC, Check Systems, Credit Report, Resolution, Partnership Agreement, Account Card | Gtd. Payments Rent Withdrawals | Unlimited | 1065 |
| Limited Partnership
| Test & Test, Ltd
General Partners & Limited Partners
All general partners must sign resolution.
All partners do not have to sign account card.
All signers will be authorized on resolution. Limited partners will not sign. | Entity Name & Address Unexpired DL
SS Number
EIN Assignment Tax Return | Tax Return, Sec. of State Certificate, OFAC, Check Systems, Credit Report, Resolution, Partnership Agreement, Account Card | Withdrawals | Limited | 1065 |
| S - Corporation | Test, Inc.
Corporation
Owns
Corporate Secretary must sign account resolution.
Signers authorized on resolution. | Entity Name & Address Unexpired DL
SS Number
EIN Assignment Tax Return | Tax Return, Sec. of State Certificate, OFAC, Check Systems, Credit Report, Resolution, Minutes, Account Card | Wages Rent Loans
Distributions | Limited | 1120S |
| C - Corporation | Test, Inc.
Corporation
Owns
Corporate Secretary must sign account resolution.
Signers authorized on resolution. | Entity Name & Address Unexpired DL
SS Number
EIN if applicable Tax Return | Tax Return, Sec. of State Certificate, OFAC, Check Systems, Credit Report, Resolution, Minutes, Account Card | Wages Rent Loans
Distributions | Limited | 1120 |
| LLC - Sole Owner | Test, LLC
Sole Member Owns
May have managing member authorized to open account. Signers authorized on resolution. | Entity Name & Address Unexpired DL
SS Number
EIN if applicable Tax Return | Tax Return, Sec. of State Certificate, OFAC, Check Systems, Credit Report, Resolution, Account Card | Withdrawals | Limited | 1040 Sch. C |
| LLC / LLP | Test & Test, LLC / LLP
Members Own
May have managing member authorized to open account. Signers authorized on resolution. | Entity Name & Address Unexpired DL
SS Number
EIN if applicable Tax Return | Tax Return, Sec. of State Certificate, OFAC, Check Systems, Credit Report, Resolution, Partnership Agreement, Account Card | Choice | Limited | Choice |
| Non-Profit Organization | Boy Scout Troop 1
Organization Owns
By-laws authorize signers.
Signers authorized on resolution. | Entity Name & Address Unexpired DL
SS Number
EIN if applicable Tax Return | By-laws, Minutes, OFAC, Check Systems, Credit Report, Resolution, Account Card | N/A | N/A | N/A |
