KYB Overview

Know Your Business verification for business entities.

What is KYB?

KYB = Know Your Business

Additional verification required when an IA operates through a business entity rather than as an individual.

When is KYB Required?

Registration Type	KYB Required?
Individual (sole proprietor)	No (KYC only)
Corporation	Yes
LLC	Yes
Partnership	Yes
Trust	Yes

Why KYB is Required

Reason	Details
Regulatory compliance	Business verification laws
Fraud prevention	Verify legitimate entities
Tax compliance	Proper reporting
Accountability	Identify controlling persons

KYB vs KYC

Verification	Who	What
KYC	Individuals	Personal identity verification
KYB	Business entities	Entity + beneficial owner verification

What KYB Covers

Entity Verification

• Legal existence
• Registration status
• Tax ID (EIN)
• Authorized activities

Beneficial Ownership

• Who controls the entity
• Ownership percentages
• Controlling persons' identities

Entity Types Supported

Entity	Required Documents
Corporation	Articles of Incorporation
LLC	Operating Agreement
Partnership	Partnership Agreement
Trust	Trust documents

See KYB Documents Required for full list.

KYB Process

flowchart TD
    A[Register as Business] --> B[Submit Entity Docs]
    B --> C[Submit Owner IDs]
    C --> D[Submit Tax ID]
    D --> E[Review]
    E --> F{Approved?}
    F -->|Yes| G[Active]
    F -->|No| H[Request More Info]
    H --> B

Processing Time

Stage	Time
Document submission	Immediate
Review	3-5 business days
Additional requests	If needed
Approval	After complete review