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.
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