Entity Details
Legal name, formation state, entity type (LLC, C corp, S corp, partnership), and formation filing number to confirm legal existence and match to public records.
A correct, fully completed Business Account Setup Application speeds onboarding, reduces review cycles, and lowers the chance of account holds or backup withholding. Accurate data supports tax reporting, anti-money-laundering checks, and vendor payments while establishing a clear record of authorized signers and governance.
The Business Account Setup Application is completed by business owners, company administrators, or designated onboarding specialists before a new account is opened.
Signatures must be from persons authorized under the entity’s operating agreement, articles of incorporation, or board resolution; incorrect signer authority can delay acceptance.
Legal name, formation state, entity type (LLC, C corp, S corp, partnership), and formation filing number to confirm legal existence and match to public records.
EIN, tax classification, and withholding status to enable correct IRS reporting and to avoid backup withholding under IRC requirements.
Names and ownership percentages of controlling parties for beneficial-ownership and AML screening under banking and vendor policies.
Designated signers with titles and contact details plus evidence of authority (board resolution or operating agreement) to validate signature authority.
Routing numbers, account numbers, and payment preferences for ACH or wire transfers, presented clearly to prevent payment errors.
Attestations for sanctions screening, AML, OFAC, and tax forms (W-9 or equivalent) enabling the recipient to complete KYC and regulatory checks.
| Field | Configuration |
|---|---|
| Required Fields | Mark legal name, EIN, and authorized signer required |
| Signature Type | Allow typed or drawn signature; require signer authentication |
| Authentication | Use email + SMS code or knowledge-based verification |
| Notifications | Enable recipient and sender email confirmations |
Use platforms that support secure transmission, audit trails, and the recipient’s required authentication methods.
Verify the receiving organization accepts electronic signatures under ESIGN and UETA and confirm any HIPAA BAA or industry-specific requirements before sending.
Submit by the vendor’s requested date to avoid onboarding delays.
Allow 1–5 business days for eID/KBA checks to complete.
Expect 2–10 business days after successful verification for ACH/wiring activation.
Provide W-9 upon request; incorrect TINs can trigger backup withholding.
Signed copies and audit trails are typically available immediately after completion.
| signNow | DocuSign | Adobe Sign | PandaDoc | HelloSign | |
|---|---|---|---|---|---|
| Starting Price | $8/user/mo | $15/user/mo | $14/user/mo | $19/user/mo | $15/user/mo |
| Free Trial | 7-day trial | Varies by vendor | Varies by vendor | Varies by vendor | Varies by vendor |
| Bulk Send | Yes (Business Premium) | Yes | Yes | Yes | Yes |
| Audit Trail | Yes | Yes | Yes | Yes | Yes |
| HIPAA Compliant | Yes | Yes | Yes | No | No |
| Envelope Cap | No cap | 100 envelopes/user/year | Varies | Varies | Varies |