Charles Schwab Business Accounts
Businesses, entities, and corporations of all sizes can open investment accounts at Charles Schwab. The brokerage firm offers investment accounts for limited liability companies (LLCs) with many benefits at low costs. A high minimum opening balance is required, however.
Available LLC Types at Schwab
Schwab will open a brokerage account for any of the following Limited Liability Companies:
- Single-Member LLC
- LLC with C Corporation tax structure
- LLC with Partnership tax structure
- LLC with S Corporation tax structure
Opening a Business Account at Schwab
Although most account types at Schwab
can be opened through its website or mobile app, an LLC account requires a paper form. It is not possible to open an LLC account online. The best place to start is Schwab’s online organization account hub, which provides details about entity accounts and links to download the application. Be sure to download the unincorporated form and not the incorporated form (an LLC is always unincorporated).
Once the correct form is downloaded, it must be completed with the required information. These details include Social Security Numbers and driver’s license numbers for all people listed on the account. Since the PDF is fillable, it is best to complete it on a computer, print it, and then sign it. The form can also be saved and finished later if needed.
After the form is completed and printed, all authorized persons must sign it. Once that is done, the form must be sent to Schwab. There are several ways to do this. Dropping it off at a local branch is one option. Another choice is to fax it (the fax number is (888) 526-7252). You can also upload it using the document upload tool on the website (this requires logging into an account). A final option is to mail it to one of these addresses:
Regular Mail (West)
Charles Schwab & Co., Inc.
P.O. Box 982600
El Paso, TX 79998-2600
Regular Mail (East)
Charles Schwab & Co., Inc.
P.O. Box 628291
Orlando, FL 32862-8291
Once Schwab receives the completed form, it will process the application. This usually takes a few business days. When the review is finished, Schwab will send the account number to the people listed on the application. This account number can be used to log into the account on the website or mobile app.
Charles Schwab Website
Extra Help from a Financial Consultant
LLC account applicants who have questions or need help can contact a Financial Advisor at Schwab. There is no charge for this extra help, and it is also available after the account is opened. A Financial Consultant can be reached at a branch office or by phone at (866) 516-0483.
Trading in an LLC Account
Once the business account is open, it will have access to a wide range of investment products. For U.S. LLCs using a partnership, S-corp, or C-corp tax structure, this includes all asset classes Schwab offers, such as futures and foreign stocks. International LLCs and single-member LLCs cannot trade futures or foreign stocks but can trade other assets like stocks and bonds. All LLCs can trade options, use margin, and take short positions.
Schwab Business Account Fees and Minimums
Schwab requires $250,000 to open an LLC account. This amount can be spread across multiple accounts. While this minimum can feel high, trading costs are low. Online trades of stocks and exchange-traded funds on major U.S. exchanges have $0 commissions. Treasury trades are low cost, and many mutual funds have no loads and no transaction fees.
LLC Education
With login access, many learning resources are available on both the website and mobile app. Under the Learn tab on the website, there are many articles that business account holders may find useful. During our review, we found these topics:
- Business Succession: 3 Ways to Transfer Ownership
- When to Pay Taxes on Restricted Stock Awards
- Japan: Reclaiming Lost Decades
- Looking to the Futures: Natural Gas Approaches Resistance as Inventories Rise
- Debt Problem More Than Just a Ceiling
- How to Handle an Inherited Business
Charles Schwab Business Account Judgment
Small and large businesses set up as LLCs have strong tools and support at Schwab. Extra help from a financial advisor is free, and with very low trading costs on stocks, this can be a great value. The $250,000 relationship minimum is a downside, although some businesses can meet the requirement by using multiple accounts.
Updated on 1/7/2026.
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