Business Solutions

Business Solutions

At Gulf Credit Union, we offer you a variety of checking options as a sign of our commitment to matching your financial needs with the convenient services we provide.

Accounts

Sole Proprietorship/DBA

A sole proprietorship exists when a single individual operates a business and owns all assets.  A sole proprietor is personally liable for all debts, and business ownership is nontransferable.

Documents needed to open a Sole Proprietorship/DBA:

  1. Two forms of Identification
  2. Assumed Name Certification (must be filed with the County Clerk)

 

Limited Liability Company (LLC)

A Limited Liability Company (LLC) is a hybrid or mix between a partnership and a corporation.  The LLC has a taxing structure like a partnership and provides limited liability to the owner(s) like a corporation.

Documents needed to open an LLC

  1. Two forms of Identification for all signers
  2. Tax Identification Number (EIN)
  3. Certificate of Filing (must be filed with the Secretary of State)
  4. Certificate of Formation or Certificate of Corporation (must be filed with the Secretary of State
  5. Assumed Name Certificate, as needed. Must be filed with the Secretary of State and with the County Clerk.

 

 

Corporation

A Corporation is created when two or more individuals, partnerships or other entities join to form a separate entity for the purpose of operating a business in the state.  A corporation has its own legal identity, separate from its owners.

Documents needed to open a Corporation:

  1. Two forms of Identification for all signers.
  2. Articles of Incorporation or Certificate of Formation (must also have the Certificate of Filing with the State Seal on it.)
  3. Bylaws, Board Resolution or Minutes from board meeting.
  4. If the Corporation is a Non-profit you will need IRS 501 (c)
  5. Assumed Name Certificate, as needed.
  6. Tax Identification Number (EIN) (Must be filed with the Secretary of State and with the County Clerk.

 

Partnership

A Partnership exists when two or more individuals or businesses join to operate a business.

Documents needed to open a Partnership:

  1. Two forms of Identification for all signers
  2. Assumed Name Certificate. (Must be filed with the County Clerk.)
  3. Partnership Agreement
  4. Filed partnership with Secretary of State
  5. Tax Identification Number (EIN).

 

Overdraft Coverage Options:

Overdraft Protection and Privilege Pay

Check Reordering

To re-order your checks, without any changes, you can order them online.

If you have any questions or concerns, or if you have any changes that you would like made for your check order, please contact a Credit Union Representative.