For businesses in France planning to join Bancoli to streamline their financial operations and global payments, the verification process is an essential step. It requires business documents that play a key role in complying with U.S. banking regulations.
The list below is tailored to help you understand the required documents and the type of information each document should contain in order to be accurately identified.
Important Note: We strongly recommend that you consult with legal counsel in your jurisdiction to ensure that you obtain the exact documents required for your specific business structure and location.
Legal Formation and Identification Documents
Initially, you will encounter a field requesting a "Certificate of Registration, Certificate of Incorporation, Certificate of Formation, Certificate of Organization, or a similar official document." Below are details for this fields options tailored to your jurisdiction:
- Kbis Extract (Extrait Kbis): The official certificate that proves the legal existence of a company within France. It includes essential information such as the company's name, registration number, management, and business activities.
Operational and Governance Documents
Second, you will find a field that requests "Operating Agreement, Corporate Bylaws, Partnership Agreement, Articles of Incorporation or Organization." Below are details tailored to your jurisdiction:
- Operating Agreement (Convention d'Exploitation): Outlines the operational framework and financial agreements between the business owners.
Corporate Bylaws (Statuts de la Société): The foundational rules defining the company's structure and governance, including the roles and powers of directors and shareholders.
Partnership Agreement (Contrat de Partenariat): Details the terms of partnership for businesses structured as partnerships, including profit sharing, management duties, and other operational specifics.
Articles of Incorporation or Organization (Acte Constitutif ou Statuts de l'Organisation): Similar to the Extrait Kbis, it formalizes the establishment of the company but focuses more on internal governance and operational guidelines.
Proof of Physical Business Address
Third, you will find a field that requests "Physical business address (e.g., utility bill, credit card bill, bank statement dated within the last 3 months)." Below you will find more detail:
- Utility Bill, Credit Card Bill, Bank Statement: To verify the physical presence of the business, a recent document (dated within the last 3 months) such as a utility bill (electricity, water), credit card bill, or bank statement is required. It should reflect the business's address and can be in the name of the company or one of its legal representatives.
Ensuring that these documents are in order and readily available will facilitate a quicker and more efficient process to complete your business verification process.