Business Types

Running a business is a huge undertaking and as a small business owner you have many responsibilities and decisions to make with what, at times, may seem like limited resources. As you start, build or expand your business, it helps to have someone to rely on that you can trust. Industrial Credit Union’s business experts take the time to get to know you and your business and although managing a business won’t be stress free, it will be a little easier with Industrial Credit Union In Your Corner!

We offer accounts for all types of business in Washington State and would be happy to work with you. Below is a list of different business structures and the documentation you will need to have to open your business account with Industrial Credit Union:


Sole Proprietorship Account Requirements
  • SSN of the proprietor or EIN of the business
  • Washington State Business License

General Partnership Account Requirements
  • Washington State Business License
  • Partnership Agreement
  • EIN of the business

Limited Partnership/Limited Liability Partnership Account Requirements
  • Washington State Business License
  • Registered Limited Partnership/Limited Liability Partnership Agreement or Registered Application to form a Limited Partnership/Limited Liability Partnership
  • EIN of the business

Corporation Account Requirements
  • Washington State Business License
  • Registered Articles of Incorporation or Registered Application to Form Profit Corporation
  • EIN of the business

Limited Liability Company Account Requirements
  • Washington State Business License
  • Registered LLC Operating Agreement or Registered Application to form an LLC
  • EIN of the business

Unincorporated Association
  • Meeting Minutes that specifically list the names and titles of those authorized to transact business at Industrial Credit Union
  • EIN of the business; if using EIN from parent company, then a Letter of Authority is required
  • 501c (required if non-profit) or Certificate of Tax Identification

Non-Profit Sub Group Account Requirements
  • Letter of Authority
  • EIN Number of parent organization
  • 501c Form Granting Non-Profit Status or Secretary of State Certificate Showing Non-Profit Status