Sole Proprietors
Individuals That Need to Be Present at Account Opening
- The Sole Proprietorship Owner
- Sole Proprietorship Living Trust – the Trustee(s)
- Sole Proprietorship with a Power of Attorney – the Agent
- If you need to add authorized signers to the account, they must also be present.
Information Required to Open Account
Personal Identification – Two forms of ID are required. One ID must be a Government issued ID.
- U.S. citizens: State-issued driver's license, state-issued ID card, passport, or military or government ID
- Non-U.S. citizens: Permanent residents must provide their Permanent Resident Card (Green Card). Non-U.S. citizens who do not have a Permanent Resident Card must provide their passport or government-issued visa.
- Secondary ID examples: Employer ID, utility bill, Social Security Card, student ID, Medicaid/Medicare Card, etc.
Taxpayer Identification Number – SSN, ITIN (non-U.S. citizens), or an Employer Identification Number (EIN) is required.
Business Documentation
- Business License (if applicable)
- Trust Documentation (if applicable)
- Sales Tax License (may also be required)
- Sole Proprietorship Banking Resolution (may also be required)
Fictitious Name Certificate – may be required if your business is operating with a DBA (doing business as name). For example: Jim Jones DBA Jones Professional Painting. Although DBA/fictitious names are not required to be filed in the State of Mississippi, it is highly recommended that a business do so. The filing will verify that no other business is currently utilizing the DBA/fictitious name, and it will register your business's use of the name.
Power of Attorney’s Only:
Original Power of Attorney Document
Personal Identification
- Agent – two forms of ID are required. One form must be a government-issued ID.
- Primary ID examples:
- U.S. citizens: State-issued driver's license, state-issued ID card, passport, or military or government ID
- Non-U.S. citizens: Permanent residents must provide their Permanent Resident Card (Green Card). Non-U.S. citizens who do not have a Permanent Resident Card must provide their passport or government-issued visa.
- Secondary ID examples: Employer ID, utility bill, Social Security Card, student ID, Medicaid/Medicare Card, etc.
- Owner/Principal – Agent is required to provide the owner’s personal ID or a notarized photocopy of the owner's personal ID.
Additional Information That Will Be Requested at Account Opening
- Business address
- Phone number
- Number of business locations
- Locations where products and services are sold
- Nature of your business
- Annual sales
- Number of employees
- Types of transactions and volumes you expect to process through the new account