Business Accounts - What is required
In addition to the Personal Information Required and the Member Share Requirement,
you may be required to provide the following:
If you are a sole proprietor:
- Current Business Registration (Master Business License)
- Sole proprietor must be a member of KCCU
If you are a partnership:
- Partnership Agreement / Articles of Partnership / Partnership Certificate
- Business trade name registration or Master Business License
- Documentation showing ownership structure and percentage ownership
If you are a corporation:
- Articles of Incorporation / Letters Patent*
- any relevant, subsequent amendments
- Business Trade name Registration (if applicable)
- Most recent filing with your incorporating jurisdiction, listing your directors
- By-Laws, constitution and any applicable Board and membership resolutions*
- Notarized meeting minutes indicating decision to open/change account
- Document showing ownership structure / percentage ownership:
- Minute Book
- Shareholder Register
- Shareholder Agreement
- Annual Returns
- Shareholder Certificates
- By-laws indicating Board voting structure and number of voting members (not for profit)
- If no Board, a document indicating number of voting members (not for profit)
- Current Certificate of Officers and Directors
- Charitable Registration Number (not for profit)
- Corporate Search
*certified true copies required please.
If you are a Not-For-Profit, A Team or a Club/Lodge (Unincorporated Associations) you will need:
- Charitable Registration Number (Not-for-Profit)
- Memorandum of Association or Constitution
- ByLaws and Board and Membership Resolutions (if applicable)
- Current Certificate of Officers and Directors
- Notarized meeting minutes indicating decision to open/change account
- Names of KCCU sponsoring members (in good standing)
- Document showing ownership structure of group
- Document outlining beneficial ownership structure
- If no one owns >25%, a document explaining why there are no beneficial owners
In addition:
If you are an Association/Community Group/Not-for-Profit - Unincorporated, you will also require:
- Charitable Registration Number (Not-for-Profit)
If you are an Organized Sports Team, you will also require:
- Letter from league executives on letterhead confirming the existence of the league, name of team, coaching staff and a list of the team league executives.
If you are a Club or a Lodge, you will also require:
- Letter from head office (on letterhead), confirming the existence of club/lodge and granting authority to open account, use the name and the intended purpose of the account. Letter should identify signing authorities, officers and directors (By-laws to confirm).