Entity Details
Legal name, DBAs, formation state, and corporate type (LLC, C-Corp, S-Corp).
Using a consistent template reduces data entry errors, speeds vendor onboarding, and ensures the right identifiers are available for tax reporting, payments, and AML/identity checks.
Keep a version history and authorized signatory record so receiving parties can verify changes and meet audit requirements.
Legal name, DBAs, formation state, and corporate type (LLC, C-Corp, S-Corp).
EIN, DUNS or UEI, state tax ID, and NAICS or SIC codes.
W-9 status, withholding instructions, backup withholding flags, and filing notes.
Bank name, ACH routing number, account number, and payment remittance address.
Date of verification, method used (document, database, phone), and verifier name.
Authorized signer name, title, signature block, and date of signature.
| Field | Configuration |
|---|---|
| Required Fields | EIN, Legal Name, Bank Routing, Authorized Signer |
| Validation | Use pattern rules for EIN and routing numbers |
| Verification Step | Attach supporting documents and mark verification status |
| Signer Order | Authorizer signs last after verification complete |
Prefer platforms that offer conditional fields, signer authentication options, and an auditable certificate of completion for compliance.
No fixed deadline — provide W-9 when requested by payer.
Recipient copy and IRS filing due by January 31 each year.
Recipient copy due by January 31; IRS electronic due by March 31.
Corporate and individual filing deadlines (e.g., April 15) affect related reporting.
Complete verification before first payment to avoid holdbacks.
| signNow | DocuSign | Adobe Sign | PandaDoc | HelloSign | |
|---|---|---|---|---|---|
| Starting Price | $8/user/mo | $15/user/mo | $14/user/mo | $19/user/mo | $15/user/mo |
| Free Plan | 7-day trial | No | No | Yes, limited | Yes, limited |
| Bulk Send | Yes | Yes | Yes | Yes | No |
| Audit Trail | Yes | Yes | Yes | Yes | Yes |
| HIPAA Compliant | Yes | Yes | Yes | No | No |