Corporate Account Opening Instructions
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1
2Corporate Account Opening Instructions
Note about this Account Type
Investors opening Corporate accounts are designated as
professional
subscribers. Professional subscribers will receive delayed quotes.
Click
here
for more information about the professional subscriber designation. Please contact your
local Scottrade team
for more information or
with questions.
Conditions to Open a Corporate Account
•
When filling out the Brokerage Account Application, please indicate Corporate in the Account Type field.
Corporate accounts must use their Employer Identification Number (EIN).
•
The corporation’s federal tax classification must be S, C, Exempt Charitable or Non-Exempt Charitable.
•
Required Forms and Agreements
– Please print legibly; do not use correction fluid or cross out information.
1.
Brokerage Account Application
Application Section
Special Considerations
Do you have any other account(s) with
Accounts refer to brokerage accounts, accounts over which you have power of
Scottrade or its affiliates (Scottrade
attorney (POA), trading authority or account linking; bank accounts, loans or
Bank)? (page 1)
equipment leases.
Primary Applicant
Corporation’s information. DBA (“Doing Business As”) names are not allowed.
In addition to completing all name, SSN / tax ID, address and phone number fields, please take special note of:
Income and Net Worth
Please provide this information to help us understand your financial status. Net
worth is defined as the sum of all your assets less your liabilities.
Co-Applicant (page 2)
Trading Officer’s personal information. For additional trading officers, make an
additional copy of page 2 to complete for each trading officer; all pages must be
submitted together with page 1 of the Application.
In addition to completing all name, SSN / tax ID, address and phone number fields, please take special note of:
Expected Account Activities (page 1)
Complete this section to help us understand how you anticipate using your
Scottrade account. This information helps us fulfill certain regulatory requirements.
Your Investment Profile
Complete this section to help us understand your investment and trading
experience. W e will not use this information to supervise your suitability of any
transaction in your account.
Citizenship
Complete all fields, where applicable.
Employment
Complete all fields, where applicable. Include a description of your roles, duties and
responsibilities in the Job Description field. Use the Employer Industry and
Occupation Codes information sheet on page 3 to obtain codes for the Employer
Industry and Occupation Code fields. Employer industry represents the overall
business classification that describes your employer.
Income and Net Worth
Please provide this information to help us understand your financial status. Net
worth is defined as the sum of all your assets less your liabilities.
Affiliations
Answer all questions and complete fields, where applicable.
Signatures
Trading Officer(s) signs as Co-Applicant.
2.
Brokerage Account Agreement
Before signing the Application, read the Agreement and retain a copy for your records. You do not need to return this document.
3.
Privacy Statement
Please read this document and retain a copy for your records. You do not need to return this document.
4.
Corporate Account Certificate
The individual signing this form cannot be a Trading Officer unless all officers are traders or the corporation has a sole officer.
W -9
5.
- This document must be signed by a Trading Officer.
Additional Documentation
6.
– Requirements vary by state. Contact your
local Scottrade team
about acceptable
alternative documentation.
A copy of the corporation’s state-issued corporate certificate, dated within the last 13 months.
•
•
A copy of the corporation’s certificate of good standing, dated within the last 13 months.
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Parent category: Business