RIVEROS CORP NETWORK | Apostille de la Haya · Notary Public Center · Compliance Officers · USJurisdiction
RIVEROS CORP NETWORK | Apostille de la Haya · Notary Public Center · Compliance Officers · USJurisdiction
This is the step where most projects get stuck: the company exists, the EIN is in hand, and the bank still says no. It’s almost never about the business; it’s about the file. And the file is something we can fix.
The decision belongs to the bank and follows its own risk policies, which it neither publishes nor negotiates. Anyone who guarantees you an account is selling you something they don’t control.
What can be controlled is the other side of the equation: an application that arrives with a properly formed company, documents that are consistent with one another, a clear ownership structure and a business description the compliance department can understand. Most of the rejections we see are decided on the file, not on the business itself.
It isn’t distrust of you: it’s the bank’s legal obligation. Knowing the rules that apply to it completely changes how you prepare the application.
Banks rarely explain a denial. Without knowing what went wrong, the next application repeats the same mistake.
That describes most of our clients, and it’s the profile that runs into internal policies no bank publishes.
Operating Agreement, signatory resolution, proof of address. Documents no one mentioned when the company was formed.
A foreign company that holds an interest in a Florida LLC triggers every beneficial ownership question at once.
To a compliance department, a vague business description is a red flag in itself.
Meanwhile, the company can’t get paid, can’t pay anyone and can’t start building a banking history.
Articles of Organization or Articles of Incorporation, current and exactly as they appear in the state registry.
The IRS document showing the assigned number, not the number jotted down in an email.
An Operating Agreement for an LLC, bylaws for a corporation. Signed, not a draft.
A resolution by the company’s governing body authorizing the account and naming who can sign on it.
Passports and ID documents for everyone above the ownership threshold and for the person who exercises control.
The chart that goes down to the individuals and the business description the bank will cross-check.
This misconception leads many people to pay for a registration they don’t need. The Florida Statutes expressly list maintaining accounts in financial institutions among the activities that do not constitute “transacting business”: §607.1501(2)(c) for corporations and §605.0905(1)(c) for LLCs.
In other words: a foreign company can have a bank account in Florida without that fact alone requiring it to obtain a Certificate of Authority. What else the company plans to do here is a different matter — that does need to be reviewed case by case.
What kind of entity it is, who owns it, where it operates from and what it sells. Everything else follows from this.
We tell you in writing what’s missing and what doesn’t match between documents, before we go anywhere near a bank.
We prepare whatever is missing: governing document, signatory resolution, ownership chart and business description.
We support you through the application, and if the bank asks for more, we answer with the file already in place.
Tell us what company you have, who owns it and what it sells. The first thing you’ll receive is a written list of the gaps.
or call us at +1 (305) 647-3000 · Monday through Friday
175 SW 7th St, Suite 1905 · Miami, Florida 33130
No EIN, no business account.
The authorized signatory resolution the bank asks for.
The governing document that proves who is in charge of the LLC.
The other side of the counter: what the compliance department looks at.
