If you would like to add your DBA or Single-Member LLC name to your new or existing Lili account, you might be asked to provide Lili with documentation.
For a DBA, one of the following is required:
- DBA Registration Form
- Fictitious Name Registration
- Assumed Name Certificate
- Trade Name Statement/Certificate
For a Single-Member LLC, please note that we require your business to have an EIN number from the IRS and to be registered with your state's Secretary of State. In some cases, we might need to receive your IRS EIN letter (see below an example of this document).
To upload the documents through the app, do the following:
- Go to the Main Menu
- Go to Settings
- Personal Details
- Under the Business Name, choose the Add option to add your business documentation
You can also tap here when viewing from your mobile device and it will take you directly to the Add Business Name screen.
Once approved, you will be able to deposit checks and receive payments on behalf of your business.
Once your request is approved, you will receive a push message with the approval.
Single-Member LLC Documentation Example:
The EIN letter is provided to you by the IRS following your request for an Employer Identification Number. Here is an example of the IRS EIN letter:
Lili is a financial technology company, not a bank. Banking services are provided by Sunrise Banks, N.A., Member FDIC. The Lili Visa® Debit Card is issued by Sunrise Banks, N.A., Member FDIC, pursuant to a license from Visa U.S.A., Inc. The Card may be used everywhere Visa debit cards are accepted.
Wire Transfer services are provided by Column Bank N.A., Member FDIC. All wires are subject to acceptance criteria and risk-based review and may be rejected at the sole discretion of Column Bank N. A. or Lili App Inc.