Entity Details
Captures legal name, DBA if applicable, business type (LLC, C-Corp, S-Corp), formation number, and state of formation. Accurate entity details are primary for bank KYC and contracting.
A Business LIF Document centralizes essential corporate data to reduce onboarding delays, support accurate KYC and vendor verification, and provide a consistent reference for legal, banking, and procurement processes while helping organizations meet recordkeeping and audit requirements under applicable federal and state rules.
Typical users include corporate secretaries, compliance and finance teams, outside counsel, banks, and third‑party vendors requesting entity verification.
These stakeholders use the Business LIF Document to verify authority, process accounts, and satisfy due diligence and audit inquiries.
Captures legal name, DBA if applicable, business type (LLC, C-Corp, S-Corp), formation number, and state of formation. Accurate entity details are primary for bank KYC and contracting.
Includes EIN/TIN, DUNS or other business identifiers, NAICS codes, and tax classification. These numbers enable tax reporting and vendor verification processes.
Lists board members, corporate officers, ownership percentages, and any board resolutions authorizing signers. This supports authority validation for contracts and banking.
Provides agent name, physical street address, and contact details. Critical for service of process and state correspondence; P.O. boxes are typically insufficient.
Contains authorized signatory name, title, signing limits, signature date, and witness or notary fields when required; incomplete signature blocks can delay bank account openings and contract execution.
Attach formation documents, articles of incorporation, operating agreements, board resolutions, and a certificate of incumbency where applicable; these attachments are often required by banks, insurers, and counterparties for verification.
| Field | Configuration |
|---|---|
| Signer Authentication | Email link, SMS code, or KBA optional |
| Document Fields | Place signature, initial, date, and text fields |
| Routing Order | Sequential or parallel signer order settings |
| Retention & Archive | Automated PDF storage with audit trail |
The Business LIF Document can be collected and submitted electronically using eSignature platforms that meet security and legal requirements.
| 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 | Yes, 7-day free trial, no credit card required | Varies | Varies | Varies | Varies |
| Bulk Send | Yes | Yes | Yes | Yes | No |
| Audit Trail | Yes | Yes | Yes | Yes | Yes |
| HIPAA Compliant | Yes | Yes | Yes | No | No |