Skip to content
Search
    Contact Us
    Apply Now
      Contact Us
      Apply Now

      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 Registered and active with Department of Revenue
      • Oregon Businesses – registered and 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 LLC may use Social Security Number)
      • Operating Agreement (Not required if Single Member LLC or PLLC)
      • Meeting minutes if member authority is not defined in the Operating Agreement
      • Washington Businesses – Business License; and Registered and active with Department of Revenue
      • Oregon and Washington Businesses – Registered and Active with Secretary of State

      Partnership

      Here's what you'll need:
      • IRS letter CP 575 granting EIN
      • Partnership Agreement; and if applicable any amendments since origination
      • Meeting minutes if partner authority is not defined in partnership agreement
      • Washington Businesses – Business License; and Registered and active with Department of Revenue
      • Oregon and Washington Businesses – Registered and 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 if applicable
      • Meeting minutes or Corporate Resolution if officer authority is not defined in above documentation
      • Washington Businesses – Business License; and Registered and active with Department of Revenue
      • Oregon and Washington Businesses – Registered and 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 if applicable
      • Meeting minutes or Corporate Resolution if officer authority is not defined in the above documentation
      • Oregon and Washington Businesses – Registered and 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 (include their positions if applicable), Club approval to open account at Red Canoe, Club agreement on the signers for the account, and must be signed.

      Need Assistance?

      Contact our Business Services team.

      Business Support Network

      icon-blue-star

      Business Impact NW

      A nonprofit CDFI that supports underbanked entrepreneurs with coaching, education, and access to capital, focusing on traditionally underserved communities.
      Learn More
      icon-blue-compass

      Washington SBDC

      A local resource providing free one-on-one advising, training, and market research. Business owners can connect with advisors, attend classes or webinars, and access planning tools online.
       
      Learn More
      icon-blue-handshake

      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.
      Learn More
      icon-blue-heart

      SCORE

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

      More Business Resources

      icon-red-checkmark

      Business Checking

      Checking solutions made for your business.
      Learn More
      icon-red-gear

      Business Tools

      Manage and grow your business with tools that support you.
      Learn More
      icon-red-handshake

      Business Loans

      A variety of loans to keep your business moving forward.
      Learn More
      icon-red-moneybag

      Cash Management

      Manage your money easier with Cash Management tools.
      Learn More

      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