Comments on: How to Set Up a Business Account at the Bank

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wsmith

wsmith said

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on 3/28/2007 I completely agree with this comment. It seems that it applies to everyone except the last part needing an EIN for nonprofit organization. Do you need all (3) items for a nonprofit organization or just the last?

Anonymous

Anonymous said

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on 11/22/2005 Your final point on this page is, I feel, unclear:

"Submit, [you say] in addition to the above information, a copy of the IRS Ruling on Tax Exemption, a statement on corporation letterhead indicating the corporation's tax-exempt status, and an employer identification number (EIN) for a nonprofit organization."

This certainly makes these steps sound compulsory, although certainly only the EIN can be compulsory. You should insert the phrase "if applicable." One never knows what level of knowledge the reader of a "How to..." article may have already, experienced or clueless.

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