Business Account Requirements for Sole Proprietorship

Sole Proprietorship

Step 1: business documents.

Trade name registration certificate

or

Copy of your Master Business License

Note: if you operate strictly in your own name alone, no registration is required. For instance, if you operate in your own name, such as “JaneSmith”, registration may not be applicable, but operating in the name of “Jane’s Flowers”, would require evidence of the registration of the trading name.

In this case please: put your business number from your GST number

If you do not have a GST number you are not applicable for a business account and we reccomend opening a personal account instead.

One piece of original, valid and current government issued photo identification or two original, valid and current

documents from independent and reliable sources of the owner.

AND

If you have been in business for longer than 12 months, one of the following original documents is required, if applicable:

-Latest Business Notice of Assessment

-Current Liquor License

-Health and Safety Certificate (Restaurants)

-Vendor’s Permit

-Current utility bill or invoice to business

• Other current and valid government-issued document