After you have completed and signed the application, some additional forms and authorizations relative to your business structure will need to be completed and forwarded to PSECU Business Services in order to open your account(s). These forms include:

Sole Proprietors Only:

1. Affidavit of Sole Proprietorship – Complete this form to confirm your Sole Proprietorship status. Please have notarized.

1. Limited Power of Attorney to Act for Sole Proprietor with Respect to Deposit Accounts with PSECU – Complete this form if you are a Sole Proprietor and wish to grant access to your account(s) to a third party. Please have notarized.

Partnerships Only:

1. Partnership Resolution of Authority – Complete this form if you are a partnership to verify your partnership status and to list partners and to designate specific powers granted to some or all of the partners. Complete appropriately for general or limited partnerships.

Limited Liability Companies Only:

1. Limited Liability Company Authorization Resolution – Complete if you are a Limited Liability Company (LLC) to verify your Limited Liability Company status and to designate who can act on behalf of the LLC and in what capacity.

Corporations Only:

1. Corporation Authorization Resolution– Complete this form to verify your corporation status and to confirm that the corporation wishes to establish a depository relationship with PSECU. This form will also inform PSECU who can act on behalf of the Corporation and in what capacity. Please apply corporate seal where designated.

In addition to the above forms that are supplied by PSECU, it will be necessary for you to forward to us additional verifications listed below in order to process your request. These verifications include:

1. Filed Fictitious Name Certificate– A fictitious name is a name, style or designation other than the proper name of the person or entity using such name. Any entity or entities (including individuals, corporations, partnerships or other groups) which conduct(s) business in Pennsylvania under an assumed name or ‘fictitious' name, shall register that name by filing an application for registration of fictitious name with the Pennsylvania Corporation Bureau. Forms can be found at www.dos.state.pa.us to register your fictitious name.

   NOTE: The last name of a person either standing alone or coupled with words that describe the business is not considered a fictitious name, for example John Smith DBA Smith Electronics. However, if you include such words as ‘Company', ‘& Company', ‘& Sons', or ‘& Associates' they make the assumed name a fictitious name, for example, John Smith DBA Smith Company. NOTE: For partnerships, the last name of ALL partners must be in the partnership name or the fictitious name rule applies.

2. Tax ID Assignment Verification from the IRS – This is also known as your Employer Identification Number (EIN). This is a nine-digit number assigned by the IRS to identify tax accounts of Sole Proprietors, Corporations, Partnerships, LLC's, and other entities. You must have an Tax ID (EIN) if you:
   • a) Have a Keogh Plan;
   • b) Operate as a Corporation or a Partnership;
   • c) Pay wages to one or more employees including household employees.
3. Partnership Agreement – (Partnerships only) This document represents the terms and conditions in which the partnership operates. It is highly recommended that a formal partnership agreement be completed since this document will describe the rights and responsibilities of all partners as well as their share of any profits.
4. Certificate of Limited Partnership – (Limited Partnerships only) This document verifies the official filing of a Limited Partnership. This entity type may require a formal partnership agreement differentiating general partner(s) from limited partner(s).
5. Articles of Organization– (LLC's only) This document is similar to a corporation's Articles of Incorporation. Any LLC must file the articles with the Pennsylvania Corporation Bureau to begin existence.
6. Operating Agreement– (LLC's only) This document is an agreement, similar to a corporation's bylaws, among an LLC's members which govern the LLC's operations and the rights of its members.
7. Articles of Incorporation– (Corporations only) This document is a primary legal document of a corporation that serves as the corporation's constitution. The contents are prescribed in the general incorporation statutes, and commonly include the corporation's name, period of existence, purpose and power, authorized number of shares, classes of stock, and other conditions of operation. After approving the articles, the state then issues a Certificate of Incorporation. The two documents then become the Charter of Incorporation.
8. Bylaws – (Corporations only) These are rules that explain the governing and operation of a corporation. These are usually drawn up immediately after incorporation. They contain procedures for holding meetings, appointments, elections and other management matters. At the initial meeting of the corporation the bylaws are adopted. These rules are not filed with any state agency.
9. Picture Identification of ALL signers – (All owners and signers) State or Federally issued photo I.D. (i.e. Driver's License, Passport, etc.)