Business Account Application Franklin Bank & Trust

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Business Account Checklist

If you are a Sole Proprietorship

Account will be opened under Sole Proprietor’s SSN or EIN assigned to the business entity (if using an EIN, we will require a copy of the IRS letter as evidence) Authorized signatories are allowed Required Documentation • If applicable, evidence of EIN number • Completed Hold Harmless form, provided by Franklin Bank & Trust • Resolution, provided by Franklin Bank & Trust

If you are a Partnership, Limited Liability Company, or Corporation

Account will be opened under the EIN assigned to the business entity (Sole Member LLC may use SSN) Account name must match exactly that for which EIN has been assigned Authorized signatories are allowed Transactions may be authorized by any ONE individual listed on the account Required Documentation

Evidence of EIN Number
Evidence of business entity. Ex: Partnership Agreement (partnership), Operating Agreement (LLC), or Articles of Incorporation (Corporation)
Certificate of Good Standing from the Secretary of State will be pulled by bank personnel
Completed Hold Harmless form, provided by Franklin Bank & Trust
Resolution, provided by Franklin Bank & Trust

All Individuals regardless of their signing authority are required to present 2 forms of ID to be scanned. At least 1 primary and a secondary form, examples of each can be found below. Proof of address may also be required.

In accordance with Section 326 of the USA Patriot Act, applicants for new accounts are requested to provide current picture identification that verifies identity including, name, address, and other identifying information. In some cases, identification will be requested for current account holders if original documentation was not obtained with the opening of the account. In all cases, protection of our customers identity and confidentiality is our pledge to you. We proudly support all efforts to protect and maintain the security of our customers and Country.

Acceptable Types of Identification

Primary	Secondary
State Driver’s License	Firearm License Utility Bill
Military ID Card	Insurance Card Birth Certificate
Passport	Social Security Card Property tax bill
Cedular Card	Credit Card Org. Membership Card
US Alien Registration Card	Visa Student/Employee ID Card

Beneficial Owner* Information

*Applies to anyone who owns 25% or more of the entity (if applicable) AND a single individual with significant responsibility for managing the legal entity. A copy of the Beneficial Owners Driver’s License and Identification card will need to be provided by the natural person opening the account on behalf of the legal entity and certifying that it is correct