Yes! Found supports businesses with multiple owners, including multi-member LLCs and corporations. You can add up to 4 beneficial owners in addition to the primary account holder, which you will do during the account opening process.
After selecting your business structure as either LLC or Corporation in the account opening process, select “No” to the question “Are you the only owner?”
In order to verify your business, we will need your legal business name, principal place of business address, and EIN.
Important: Please enter the legal business name used when you registered with your state during formation or incorporation (e.g., on the Articles of Organization, Articles of Incorporation, or Certificate of Formation), not any other names you may be using for business purposes (e.g., trade names or DBAs). You can add DBA names later, once you have opened an account.
An EIN (Employer Identification Number), sometimes called a Federal Tax ID or FEIN, is a nine-digit number issued by the IRS to identify your business for tax purposes.
Tip: You can find it on IRS letters, tax returns, or bank statements. If you can't locate it, you can call the IRS at 800-829-4933.
Make sure that you do not enter 100% here, since other people need to have at least some ownership in order to qualify as a multi-owner business. You will be able to add additional owners with their percentage of ownership on a later screen in onboarding.
Enter details about your business, including business type, estimated annual revenue, and your principal place of business address. This should be the physical address where your business primarily operates.
This information is used for verification purposes.
Tip: For verification, you will need each owner’s date of birth, social security number, and home address as it appears on legal documents. Enter this information when you add each owner.
Complete the account opening process by accepting our terms, ordering your Found debit card, and making a deposit into your account.
If we are not able to automatically verify your business after you accept our terms and conditions, we may ask for some of the following documents for additional verification:
EIN confirmation letter
Business formation or incorporation documents
LLCs: Articles of Organization and/or Certificate of Formation
Corporations: Certificate / Articles of Incorporation
Proof of business address (i.e. principal place of business), one of the following:
EIN Confirmation Letter
Business formation or incorporation documents
Utility Bill
Bank Statement
Lease Agreement
Note: Your business address must be your principal place of business — the physical location where your business primarily operates. We cannot accept P.O. boxes, virtual mailboxes (CMRAs), or mail forwarding addresses as your business address.
Once you’ve created an account with Found, you can invite your co-owners as admins. They’ll be able to move money, order debit cards, create invoices, and just about everything else that you’re able to do—short of removing you from the account.
Alternatively, you can share select access to your account’s activity, reports, and tax documents with co-owners through our Accountant Access feature.
You can share virtual cards with additional owners or order additional physical cards, though any additional physical cards currently need to be in the account holder’s name and mailed to the account holder’s address on file.
You can add dba names once in your Found account, but you cannot change the incorporated business name or account ownership percentages after opening an account. Please make sure that these are accurate when you enter them in the account opening process.
