| Business Structure | Ownership | Liability | Taxes | Required Information | Required Documentation |
| Sole Proprietorship | One person | Unlimited personal liability | Self-employment tax Personal tax |
First Name Last Name Date of Birth SSN Address City Zip Code Business Name or DBA Business Type Business Classification EIN Website Phone |
Sole Proprietorships can be verified by uploading Business documents as well as Personal IDs. Personal IDs need to be specified as document type ID Card, license or passport depending on the type of the ID. Business documents need to be specified as document type other. Acceptable documents include one or more of the following, as applicable to your sole proprietorship: - Fictitious Business Name Statement - Certificate of Assumed Name; Business License - Sales/Use Tax License - Registration of Trade Name - EIN documentation (IRS-issued SS4 confirmation letter), Personal documents (documentType license, passport or idCard): color copy of a valid government-issued photo ID (e.g., a driver’s license, passport, or state ID card). |
| Partnerships | Two or more people | Unlimited personal liability unless structured as a limited partnership | Self-employment tax (except for limited partners) Personal tax |
First Name Last Name Date of Birth SSN Address City Zip Code Business Name or DBA Business Type Business Classification EIN Website Phone Controller: YES or NO? |
EIN Letter (IRS-issued SS4 confirmation letter) IF CONTROLLER = YES First Name Last Name Title Date of Birth SSN Address Passport (for non-US individuals) |
| Limited Liability Company (LLC) |
One or more people | Owners are not personally liable | Self-employment tax Personal tax or corporate tax |
First Name Last Name Date of Birth SSN Address City Zip Code Business Name or DBA Business Type Business Classification EIN Website Phone Controller: YES or NO? |
EIN Letter (IRS-issued SS4 confirmation letter) IF CONTROLLER = YES First Name Last Name Title Date of Birth SSN Address Passport (for non-US individuals) |
| Corporation | One or more people | Owners are not personally liable | Corporate tax | First Name Last Name Date of Birth SSN Address City Zip Code Business Name or DBA Business Type Business Classification EIN Website Phone Controller: YES or NO? |
EIN Letter (IRS-issued SS4 confirmation letter) IF CONTROLLER = YES First Name Last Name Title Date of Birth SSN Address Passport (for non-US individuals) |
