When setting up your Stripe Merchant Account, you'll be asked to review your local group's legal name, EIN, and "doing business as name."
Groupable will pre-fill this information with the information found in the Info/Officers screen—the records held by your Parent Group or grand Body.
Many Secretaries are surprised that groupable has pre-filled a Legal Business Name that doesn't match their commonly used name. The Legal Business Name is often the name of your chartering Grand Body, with a DBA of the local, commonly used name.
Why is it necessary to enter the Legal Business Name?
As part of the Federal Banking Regulations, Stripe will check the Legal Name and EIN filed with the IRS. If you've entered a Legal Name that doesn't match what's on file with the IRS, your Merchant verification can be slowed down while Stripe attempts to collect proof of the business name that you provided. To ensure the fastest Merchant Approval, be sure to check this name in advance.
Here are three ways you can verify your Legal Business Name:
- Your IRS-issued EIN Determination Letter,
- The online IRS EIN Search,
- Or the online charity search, Charity Navigator.
Your IRS-issued EIN Determination Letter
Your local group should have a copy of your current EIN Determination Letter on file. If you do not have a copy, don't hesitate to contact your Grand Secretary's office for a copy of your EIN Determination Letter.
This EIN Determination Letter should contain your EIN, Legal Business Name, and "doing business as" (DBA) name.
The Online IRS EIN Search
First enter the EIN in the search term, and second click Search:
Result:
Charity Navigator
https://www.charitynavigator.org/
Result:
Legal Name: Free & Accepted Masons of New York
EIN: 23-7136839
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