A Banking Resolution is the document your corporation or LLC needs to open a business bank account. Banks require this document to confirm who is authorized to open accounts, sign checks, and handle funds on behalf of the company. If you have a new LLC or corporation, this is one of the first documents you need. Bilingual, ready in minutes, $99.
Any corporation (C-Corp, S-Corp), LLC, or business entity that needs to open a bank account in California. Most banks require this document BEFORE opening the account. If you form a new LLC or corporation, you need this document for Chase, Bank of America, Wells Fargo, US Bank, Citi, and all commercial banks. It is also used to authorize additional signers after opening (add a partner, change managers), or to authorize commercial loans.
California banks generally require: (1) Articles of Organization/Incorporation with state seal, (2) IRS EIN, (3) Banking Resolution signed by all members/directors, and (4) ID for each authorized person. Some banks have their OWN additional form — but your internal Banking Resolution is still needed as proof of the corporate decision. Our resolution complies with formats required by all major commercial banks.
No. The Banking Resolution is your internal corporate document. The bank will also have you fill out their own "Corporate Resolution Account Authorization" form. Bring BOTH.
In an LLC: all members (or the Manager if named in the Operating Agreement). In a Corp: directors at a board meeting documented in minutes. We also recommend the Corporate Secretary certify the copy.
Yes. You can list multiple authorized persons and specify whether they can act individually or whether large transactions require two signatures. We recommend requiring two signatures for checks over $5,000.
Yes. Any change in authorized persons requires a new Resolution. We also recommend making one annually with your corporate annual minutes.
Only $99. If you purchased the LLC ($299) or Corp ($399) package, the Banking Resolution is included at no additional cost.
Multi Servicios 360 is a self-help legal document preparation platform. We are not a law firm and do not provide legal advice.
Multi Servicios 360 | www.multiservicios360.net | 855.246.7274