Due to latest crop of regulations, a particular financial institution is requiring a share member break down for a single-member LLC, an odd step in verification since there is only one share member and that would be me. (not even getting into the fact that LLC's dont have shares)
To federal regulators, single member LLCs are largely indistinct from personal ownership and sole proprietorships, which is why this would be a personal finance question.
What exactly would the financial institution need to see to make them comfortable with these regulations, I've never encountered this before, I told them I am the owner, my name is also on the account but apparently that isn't enough for their compliance interpretation of latest regulations, they want something in writing? In a particular format? Not really sure
Otherwise they won't accept a fund transfer from my personal account to the business account due to a prohibition on "third party deposits", makes me wonder how anyone can fund businesses initially if this is a widespread practice.