The specific documents required can vary depending on the bank and your business structure. However, some general requirements include:

• Business Formation Documents: This could be articles of incorporation (corporation), articles of organization (LLC), or a business registration certificate (sole proprietorship).
• Employer Identification Number (EIN): This is obtained from the IRS and acts like a Social Security number for your business. In some cases, a sole proprietor can use their Social Security number instead.
• Identification for Owners and Signatories: Government-issued IDs (driver's license, passport) for everyone authorized to manage the account.
• Business License (if applicable): Depending on your location and industry, you might need a business license.

Yes! First Horizon allows you to open a business deposit account online. This can be a convenient option, but it might not be available for all business types or account features. Here are some things to consider:

• Account Features:Check if the online application offers the features you need, like multiple signatories or online bill pay.
• Document Uploads: Be prepared to upload scanned copies of your required documents during the online application process.
• Funding:Some banks might require an initial deposit in person, even if you apply online.

There are several advantages to having a separate business bank account:

• Clarity and Organization:Separates your business income and expenses from personal finances, making bookkeeping and tax filing easier.
• Professional Image: Projects a more professional image to clients and vendors.
• Improved Credit History:Helps establish business credit, which can be crucial for future loans and financing.
• Fraud Protection:Minimizes the risk of personal finances being affected by business-related fraud.

Overall, having a separate business account can streamline your finances, improve your professional image, and help build a strong financial foundation for your business.