Legal Question in Banking Law in New York
Business Account
Hi...
I would just like to know what paperwork do banks usually require when setting up a business account for your corporation and do they usually require a certain amount of money to set it up and how much is this?
Asked on 3/07/05, 3:46 pm
1 Answer from Attorneys
Re: Business Account
At a minimum, tTo open any account, you will need a Tax Identification Number. This number can be your social security number if your business is not incorporated, or can be a federal TIN issued by the internal revenue service.
Different banks will have different funding and documentation requirements; I recommend you shop around for your best bargain.
Good Luck.
Answered on 3/07/05, 4:26 pm
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