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Opening Your Business Account

Whether your business is big or small, Liberty Bank can help you take the next step forward.

We’ll help you find the right services, products, expertise and solutions suited to your business. When it comes to managing your business effectively, our commitment to local, personal service makes us a partner you’ll want to have on your team.

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About Your Business

About You

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Getting Started

No matter what your business needs, we have an account for you. Here's what you need to bring with you to get started.

  • A primary form of government issued identification, along with a tax identification number (SSN/ITIN), for each individual who will be a signer on the account
  • Letter from IRS assigning employer identification number (EIN)
  • One of the following forms of primary business identification:
    • Trade Name certificate or Fictitious Name certificate
    • Sales & Use Tax form
    • Contractors or Occupational license

  • A primary form of government issued identification, along with a tax identification number (SSN/ITIN), for each individual who will be a signer on the account
  • Identification information and tax identification number for Control Owner1 and Beneficial Owner(s)2
  • Actively registered with the Secretary of State where your business is operating
  • Letter from IRS assigning employer identification number (EIN)
  • Operating Agreement

  • A primary form of government issued identification, along with a tax identification number (SSN/ITIN), for each individual who will be a signer on the account
  • Identification information and tax identification number for Control Owner1
  • Letter from IRS assigning employer identification number (EIN)
  • Meeting minutes documenting approval to establish a banking relationship with Liberty Bank, as well as the name(s) of the authorized signer(s) on the account

  • A primary form of government issued identification, along with a tax identification number (SSN/ITIN), for each individual who will be a signer on the account
  • Identification information and tax identification number for Control Owner1 and Beneficial Owner(s)2
  • Actively registered with the Secretary of State where your business is operating
  • Letter from IRS assigning employer identification number (EIN)
  • One of the following forms of primary business identification:
    • By-Laws
    • Meeting minutes documenting approval to establish a banking relationship with Liberty Bank, as well as the name(s) of the authorized signer(s) on the account
    • Authorization letter from an officer or a representative of the corporation, documenting approval to establish a banking relationship with Liberty Bank, as well as the name(s) of the authorized signer(s) on the account

More about Business Registration Requirements in Connecticut

Discover Business Requirements

Disclosures

  1. Control Owner: An individual with significant responsibility for managing the legal entity customer (i.e., a Chief Executive Officer, Chief Financial Officer, Chief Operating Officer, Managing Member, General Partner, President, Vice President or Treasurer)
  2. Beneficial Owners: Each individual, if any, who owns, directly or indirectly, 25 percent or more of the equity interests of the legal entity customer (i.e., each natural person that owns 25 percent or more of the shares of a corporation)

Why do we need this information? To help the government fight financial crime, federal regulation requires certain financial institutions to obtain, verify, and record information about the beneficial owners of legal entity customers. Legal entities can be abused to disguise involvement in terrorist financing, money laundering, tax evasion, corruption, fraud, and other financial crimes. Requiring the disclosure of key individuals who ultimately own or control a legal entity (i.e., the beneficial owners) helps law enforcement investigate and prosecute these crimes.