Documents ready for your bank and payment applications
Banks and payment providers ask a new US company the same few questions. Here is what they usually ask, and which of your documents answers each one. Approval is always the provider's decision.
Founders use their formation documents to apply with providers like these
We prepare the documents; each provider decides its own approvals.
Their questions, and what answers them
Requirements differ by provider and change over time. These are the questions most applications include.
Documents we prepare with your company
- Proof the company exists
- Articles of OrganizationFiled with Wyoming or Delaware, with the state's acceptance in your dashboard. Included in both plans.
- The company's US tax ID
- EIN letterApplied for with the IRS once the state accepts the filing. Included in both plans.
- Who owns and runs the company
- Operating AgreementRecords the owner and how the company is managed. Included in both plans.
- A US address for the company
- Registered agent and business addressBoth plans include them. Many providers also ask for a separate operating address, which is yours to arrange.
What stays with you
- Who you are
- Your passportMost providers ask for a valid passport or other government ID for each owner.
- Where you live
- Proof of your personal addressUsually a recent utility bill or bank statement.
- What the business does
- A short description and evidence of activityA website, contracts or invoices; the form varies by provider.
Approval is the provider's decision
We prepare your company documents and apply for the EIN. Each bank or payment provider sets its own eligibility rules, reviews every application on its own terms and may ask for more. Forming a company does not guarantee an account.
From formation to your application
Each step has its own timing. Applying with complete documents makes the provider's review straightforward.
Form your company
State processing
Wyoming or Delaware. Companies from either state apply to banks and payment providers.
Wait for your EIN letter
Separate IRS processing
Providers ask for it, so apply once the letter is in your dashboard.
Arrange an operating address if needed
Your part
Check whether your provider accepts your business address or asks for a separate one.
Apply to providers whose requirements you meet
Provider review
Read each provider's current eligibility page first. Founders often apply to more than one.
Banking questions
Does formation include a bank account?
No. We provide formation documents and apply for the EIN. Your chosen bank or payment provider decides eligibility and approval, and may request additional documents and address evidence.
Do I need an SSN or ITIN?
Not for our LLC formation and EIN application service. Personal tax filings and banking providers may have additional requirements.
How long does the process take?
State registration and EIN issuance are separate stages, each with its own processing time. Timing also depends on receiving complete information from you. Banking applications follow formation and have a separate review process.
Start with the documents
Form your company, get the EIN and have every document in one dashboard, ready for your applications.
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