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The documents required to open a business account vary based on the type of business entity:
- Limited Liability Corporation or LLC
- Articles of Incorporation
- Department of Revenue IRS Employer Identification Number (EIN) form
- Driver’s License (Valid)
- Sole Proprietorship
- Department of Revenue IRS Employer Identification Number (EIN) form or your social security card if you would like the business to be under your social and not reported as a separate entity.
- Driver’s License (Valid)
- Trade Name Certificate – You can apply and get this form at the town hall where you reside/or business.
- Corporation
- Partnership Agreement for the name of the business and its partners
- Article of Incorporation
- Driver’s License (Valid)
- Department of Revenue IRS Employer Identification Number (EIN) form
- Company
- Article of Incorporation
- Driver’s License (Valid)
- Department of Revenue IRS Employer Identification Number (EIN) form
A Trade Name Certificate is required for the purpose of identifying those individuals doing business in a required state. All businesses are required by Rhode Island State Law to register their trade name in the Town Clerk’s Office. Forms are available at the town hall during regular business hours.
No. A business can be a beneficiary of a trust, but not a trust itself because it is a separate entity.
Typically, the Mortgage process takes from 45 to 60 days for purchase and refinance loans. The closing date on a purchase transaction is dictated by the purchase and sale agreement.
