Question: I just formed a new California limited liability company. How do I open a bank account in the name of the LLC.
Answer: You need two a minimum of items to open a bank account in the name of your new California LLC. Give the following to the bank:
- Required: Copy of the Articles of Organization approved by the California Secretary of State.
- Required: Give the bank the LLC’s federal employer identification number (the “EIN”). If you do not have an EIN for the LLC and your LLC is taxed as a disregarded entity (a single member LLC) and it does not have any employees you can give the bank your social security number.
- Optional: Some banks require a copy of the an Operating Agreement signed by all of the members of the LLC.