What to Expect When Opening a Business Account

To get started, gather the documents below and stop by any SEFCU branch.

Required Documentation to Open All Business Accounts

In addition to the above requirements, further required documentation is listed below.

Sole Proprietor

  • Certificate of Assumed Name
  • Certificate of Beneficial Owner

If applicable:

  • Employer/Tax Identification Number

General Partnership/Limited Partnership

  • Certificate of Assumed Name/Limited Partnership
  • Partnership Agreement or Certificate of Limited Partnership
  • Employer/Tax Identification Number
  • Certificate of Beneficial Owner

Limited Liability Company and Limited Liability Partnership

  • Articles of Organization (LLC Only)
  • Operating Agreement (for LLCs consisting of more than one person)
  • Certificate of Registration (LLP only)
  • NYS Filing Receipt
  • Certificate of Beneficial Owner
  • Employer/Tax Identification Number EIN/TIN Assignment (Single member LLCs may use his/her Social Security Number)

Corporations: C-Corp & S-Corp

  • Certificate of Incorporation
  • Bylaws (not required for solely owned S-Corp)
  • NYS Filing Receipt
  • Employer/Tax Identification Number
  • Certificate of Beneficial Owner

If applicable:

  • Application for Authority

Not-for-Profits/501(c)

  • 501(c) Tax Exempt Certificate
  • Bylaws
  • Board Resolution listing authorized signers
  • Certificate of Incorporation  
  • NYS Filing Receipt
  • Employer/Tax Identification Number

Other Associations and Clubs
Any one (1) of the following:

  • Employer/Tax Identification Number
  • Certificate of Assumed Name
  • Bylaws

Learn More About our Business Accounts Today!
Visit a branch near you
Call the Member Solutions Center at 800-727-3328
Email [email protected]


(Note) - Corporations, limited partnerships, and limited liability companies are required by statute to conduct activities under their true legal name. If a corporation, limited partnership, or limited liability company desires to conduct activities under a name other than its true legal name, a certificate complying with Section 130 of the General Business Law must be filed with the New York State Department of State. All other entities such as general partnerships, sole proprietorships, and limited liability partnerships file an Assumed Name Certificate directly with the county clerk in each county in which the entity conducts or transacts business.