Documentation you'll need to apply for business membership
For all business types, Wings will require the signatures of each authorized signer at account opening.
NOTE: If all authorized signers cannot be present, please have all required documents signed prior to your appointment and bring photocopies of each beneficial owner (including the managing individual) and authorized signer's photo ID.
Sole Proprietorship
Tax ID Type:
- SSN or EIN (required if the business has employees)
Documentation Requirements:
- Business Membership Application & Signature Card
- Authorized Signer Information Form(s) for each Authorized Signer
- Certification of Beneficial Owners
- Individual's full legal name included in the business name OR Certificate of Assumed Name/DBA Registration issued by the state(s) where the entity is registered to conduct business in
- If using an EIN, EIN Verification Letter issued by the IRS
Corporation (Inc.)
Tax ID Type:
- EIN
Documentation Requirements:
- Business Membership Application & Signature Card
- Authorized Signer Information Form(s) for each Authorized Signer
- Certification of Beneficial Owners
- Corporate Resolutions
- Articles of Incorporation issued by the state(s) where the entity is registered to conduct business in
- EIN Verification Letter issued by the IRS
General or Limited Partnership (LP, LLP)
Tax ID Type:
- SSN
Documentation Requirements:
- Business Membership Application & Signature Card
- Authorized Signer Information Form(s) for each Authorized Signer
- Certification of Beneficial Owners
- Unincorporated Resolutions
- Partnership Agreement issued by the entity
- Certificate of Assumed Name/DBA Registration OR Certificate of Limited Partnership issued by the state(s) where the entity is registered to conduct business in
- EIN Verification Letter issued by the IRS
Limited Liability Company (LLC)
Tax ID Type:
- SSN (1 owner)
- EIN (2+ owners)
Documentation Requirements:
- Business Membership Application & Signature Card
- Authorized Signer Information Form(s) for each Authorized Signer
- Certification of Beneficial Owners
- Unincorporated Resolutions
- Articles of Organization issued by the state(s) where the entity is registered to conduct business in
- If using an EIN, EIN Verification Letter issued by the IRS
Non-Profit Organization or Association
Tax ID Type:
- EIN
Documentation Requirements:
- Business Membership Application & Signature Card
- Authorized Signer Information Form(s) for each Authorized Signer
- Certification of Beneficial Owners
- Corporate Resolutions
- Articles of Incorporation issued by the state(s) where the entity is registered to conduct business in
- EIN Verification Letter issued by the IRS
Doing Business as (DBA)
Tax ID Type:
- Same Tax ID number as the name holder/main business entity
Documentation Requirements:
- DBA Application & Signature Card
- Certificate of Assumed Name/DBA Registration issued by the state(s) where the entity is registered to conduct business in
General Resources
North American Industry Classification System (NAICS)
The North American Industry Classification System (NAICS) is the standard used by federal agencies in classifying businesses for the purpose of collecting, analyzing, and publishing statistical data related to the US business economy. You will be required to provide your business’ six-digit NAICS code on the business application.
Financial Crimes Enforcement Network (FinCEN)
A bureau of the US Department of Treasury whose mission is to safeguard the financial system from illicit use, combat money laundering, and promote national security through the collection, analysis, and dissemination of financial intelligence and strategic use of financial authorities. Registration of Beneficial Ownership Information is done through FinCEN.
IRS Tax Information for Businesses
Tax information, tools, and resources for businesses and self-employed.
National Credit Union Administration (NCUA)
The National Credit Union Administration is the federal agency that insures deposits at federally insured credit unions.
SCORE
A non-profit organization that helps small businesses achieve their goals. Services include a mentorship program, workshops, and other small business resources.
State Specific Resources
Michigan
Beneficial Ownership Changes
As of January 1, 2024, many businesses are required to report information to the Financial Crimes Enforcement Network (FinCEN). To view the Beneficial Ownership Information Reference Guide, click here.
For more information and to register, visit www.fincen.gov/boi.