Required Documents for Underwriting
To underwrite your business, Denim requires the same set of documents you used to open your business bank account. These include:
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Articles of Organization
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Operating Agreement
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Valid and legible photo ID
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Articles of Organization
What It Is
Articles of Organization are filed with the Secretary of State when an LLC is established. This document officially registers your business and typically includes your business name, address, and registered agent.
Why We Need It
We may request your Articles of Organization to:
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Verify your business is registered in a specific state (especially if we are unable to locate the entity through the Secretary of State’s public records), or
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Confirm that the person signing paperwork has legal authority to act on behalf of the business.
Where to Find It
This document would have been issued to you when your LLC was initially filed. If you don’t have a copy, you can request one from your state's Secretary of State office.
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Operating Agreement / Ownership Percentage Verification
What It Is
An Operating Agreement is a foundational document that outlines how your LLC is structured and operated. It typically includes:
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Names of all owners (members)
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Ownership percentages
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Business address
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Management structure
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General rules for operating the company
Why We Need It
If the Articles of Organization don’t clearly identify the owner or manager, we request an Operating Agreement or similar ownership documentation. This allows us to verify that the individual signing contracts is the majority owner or authorized to act on behalf of the business.
This step is important to ensure proper authorization and protect both your business and Denim.