Business Entity Required Documentation

Your time is valuable. We've created a simple guide to help you easily identify the documents required to open an account.

For more information, please contact our Business Services Team at 218-625-8890.

Sole Proprietorship

• Certificate of Assumed Name or Minnesota Secretary of State record stating the assumed name
• Minnesota Secretary of State record showing that the business is registered and active
• Copy of licenses or permits to conduct business, if applicable
• Taxpayer Identification Number (TIN) (often the social security number of the owner)
• Resolution of Authority provided by the entity or using the Members Cooperative Credit Union Corporate Authorization Resolution

Corporation

• Certificate of Assumed Name or Minnesota Secretary of State record stating the assumed name
• Minnesota Secretary of State record showing that the business is registered and active
• Copy of licenses or permits to conduct business, if applicable
• IRS EIN Letter
• Resolution of Authority provided by the entity or using the Members Cooperative Credit Union Corporate Authorization Resolution
• Filed copy of the Articles of Incorporation and/or Bylaws
• Certification of Beneficial Owner(s)

Partnership

• Certificate of Assumed Name or Minnesota Secretary of State record stating the assumed name
• Minnesota Secretary of State record showing that the business is registered and active
• Copy of licenses or permits to conduct business, if applicable
• IRS EIN Letter
• Resolution of Authority provided by the entity or using the Members Cooperative Credit Union Corporate Authorization Resolution
• Partnership Agreement
• Certification of Beneficial Owner(s)

Limited Liability Company (LLC) or Professional Limited Liability Company (PLLC)

• Certificate of Assumed Name or Minnesota Secretary of State record stating the assumed name, if applicable
• Minnesota Secretary of State record showing that the business is registered and active
• Copy of licenses or permits to conduct business, if applicable
• IRS EIN Letter or TIN for sole member LLC
• Resolution of Authority provided by the entity or using the Members Cooperative Credit Union Corporate Authorization Resolution
• Filed copy of the Articles of Organization
• Certification of Beneficial Owner(s)

Unincorporated Association Account

• Minutes or a letter signed by two officers/members of the group authorizing a banking relationship
• Certificate of Assumed Name or state nameholder registration, if applicable
• IRS EIN Letter
• Resolution of Authority provided by the entity or using the Members Cooperative Credit Union Corporate Authorization Resolution
• Bylaws, if available
• Copy of licenses or permits to conduct business, if applicable
• Proof of nonprofit status, if applicable

The above information is general in nature and may change at any time.  A business may be asked for additional or different information in order to open an account.