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      Required Business Account Documentation

      Let’s get started on what you’ll need to open a business account!

      Business Documentation Hero (1)

      Sole Proprietorship

      Here's what you'll need:
      • Social Security Number of owner (If using EIN, provide IRS letter CP 575) 
      • Washington Businesses – Business License; and active with Department of Revenue
      • Oregon Businesses – Active ABN with Oregon Secretary of State
      Business Money Market Hero (1)
      Business Documentation images 4 (1)

      Limited Liability Company

      Here's what you'll need:
      • IRS letter CP 575 granting EIN (Single Member may use Social Security Number)
      • Operating Agreement (Not required if Single Member)
      • Meeting minutes if member authority is not defined in the Operating Agreement
      • Washington Businesses – Business License; and active with Department of Revenue
      • Oregon and Washington Businesses – Active with Secretary of State

      Partnership

      Here's what you'll need:
      • IRS letter CP 575 granting EIN
      • Partnership Agreement - any amendments since origination
      • Meeting minutes if partner authority is not defined in partnership agreement
      • Washington Businesses – Business License; and active with Department of Revenue
      • Oregon and Washington Businesses – Active with Secretary of State
      Business Documentation images (1)
      Business Documentation images 5 (1)

      Corporation

      Here's what you'll need:
      • IRS letter CP 575 granting EIN
      • Bylaws, Articles of Incorporation, and any amendments since origination
      • Meeting minutes or Corporate Resolution if officer authority is not defined in above documentation
      • Washington Businesses – Business License; and active with Department of Revenue
      • Oregon and Washington Businesses – Active with Secretary of State

      Nonprofit Corporation

      Here's what you'll need:
      • IRS letter CP 575 granting EIN
      • IRS letter awarding 501(c)(3) status, if applicable
      • Bylaws, Articles of Incorporation, and any amendments since origination
      • Meeting minutes or Corporate Resolution if officer authority is not defined in the above documentation
      • Oregon and Washington Businesses – Active with Secretary of State
      Business Documentation images 3 (1)
      Business Documentation images 6 (1)

      Informal Club / Organization (not registered with the Secretary of State)

      Here's what you'll need:
      • IRS letter CP 575 granting EIN
      • Meeting Minutes that include:
        • Date of meeting
        • Attendees
        • Club approval to open account at Red Canoe
        • Club agreement on the signers for the account
        • Meeting minutes must be signed

      Need Assistance?

      Contact our Business Services team.

      Business Support Network

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      Business Impact NW

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      Washington SBDC

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      Small Business Administration (SBA)

      A federal agency that helps small businesses start and grow through loans, guarantees, and educational resources, plus guidance on federal programs, taxes, and credits.
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      SCORE

      A nonprofit that helps small businesses through free mentoring, workshops, and practical tools, connecting entrepreneurs with volunteer mentors and educational resources.
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      More Business Resources

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      Checking solutions made for your business.
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      Business Tools

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      Business Loans

      A variety of loans to keep your business moving forward.
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      Cash Management

      Manage your money easier with Cash Management tools.
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      Choose

      Select the account you’d like to open – all members start with a share savings account.

      Apply

      Complete the application and provide a copy of your ID. It only takes 5 minutes.

      Fund

      Fund your account with at least $5 and confirm your information.
      Get Started