Required Items to Open a Business Account

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What do I need to Open a Business Account?

To open a Small Business Membership at Infinity Federal Credit Union, you need to provide the following:

  • For a Sole Proprietor (SP)
    • Social Security Number (SSN) of business owner or Proof of Employer Identification Number (EIN) - IRS letter/copy of tax return
    • Certificate of Association (DBA) filed with local town/city office where the business is located
    • Proof of business mailing address
  • For a Limited Liability Company (LLC)
    • Certificate of Formation with the State of ME - Form No. MLLC-6  
    • Operating agreement - should be signed by Managers/Members and list who has authority to do what
    • If conducting business under an Assumed Name - Form No. MLLC-5 – filed with State of Maine
    • Proof of EIN (IRS letter/copy of tax return)
      • If Single Person LLC – Social Security Number (SSN of the owner is acceptable
    • Proof of business mailing address
  • Corporation
    • Articles of Incorporation
    • Corporate Resolution – dictates who has authority to do what
    • Minutes from Board Meeting naming officers and who has authority to do what
    • Proof of EIN (IRS letter/copy of tax return)
    • If conducting business under an Assumed Name – Form No. MBCA-5 – filed with State of Maine
    • Proof of business mailing address
  • Partnership
    • Partnership Agreement signed by all partners
    • Proof of Employer Identification Number (EIN) - IRS letter/copy of tax return
    • If Limited or Limited Liability Partnership (LP or LLP) - Certificate of Partnership filed with State of Maine - Form No. MLPA-6
    • If General Partnership (GP) – Certificate of Association filed with local town/city office where the business is located
    • Proof of business mailing address
  • Association/Organization/ Non-Profit (if incorporated – see Corporation above)
    • By-Laws
    • Articles of Organization
    • Minutes from Board Meeting naming officers and who has authority to do what
    • Proof of Employer Identification Number (EIN) - IRS letter/copy of tax return
    • Proof of business mailing address

For more information, If your business was established in another state - email a Business Service Representative or call 207-854-6000 ext. 4140

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