Charles Schwab Business Accounts
Charles Schwab lets businesses, entities, and corporations open investment accounts. The brokerage firm provides accounts for limited liability companies (LLCs) with a number of useful features and generally low costs. However, there is a relationship minimum to qualify.
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 many Schwab account types
can be opened on its website or mobile app, an LLC account requires a downloadable paper application. It is not possible to open an LLC account through the normal online application process. Even so, the best place to begin is Schwab’s online organization account hub, which explains entity accounts and includes links to the applications. Be sure to download the non-incorporated form rather than the incorporated one.
After downloading the correct form, it needs to be filled out with the required details. This includes Social Security Numbers and driver’s license numbers for all applicable individuals on the account. Because the PDF is fillable, it’s usually easiest to complete it on a computer, print it, and then sign it. The form can also be saved and completed later if necessary.
Once the form is finished and printed, all authorized persons must sign it. After that, the document has to be sent to Schwab. There are several ways to do this. Taking it to a nearby branch is one simple option. Another is faxing it to (888) 526-7252. You can also upload it through the website’s document-upload tool (this method requires an account login). Finally, you can mail it to one of the following 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 review and process the application. This usually takes a few business days. When processing is complete, Schwab will send the account number to the people listed on the application. That account number can then be used to sign in on the website or mobile app.
Charles Schwab Website
Extra Help from a Financial Consultant
Applicants for LLC accounts who have questions or want assistance can contact a Schwab Financial Consultant. This help is free, and it remains available after the account has been opened. A Financial Consultant can be reached at a branch or by phone at (866) 516-0483.
Trading in an LLC Account
After the business account is open, it will have access to a wide range of investment products. Schwab’s organization account page lists stocks, bonds, mutual funds, ETFs, CDs, cash, and cash equivalents. Additional trading permissions, such as futures or global trading, may require separate approvals and eligible account setup.
Schwab Business Account Fees and Minimums
Schwab requires $100,000 in total relationship assets to open an LLC account. This amount can be spread across multiple Schwab accounts. While that requirement may still seem high, trading costs are low. Online trades of stocks and exchange-traded funds on major U.S. exchanges have $0 commissions. Online Treasury trades are also $0, and many mutual funds come with no loads and no transaction fees.
LLC Education
With login access, many educational resources are available on both the website and mobile app. Under the Learn tab on the website, there are several materials that business account holders may find useful. During our review, we found the following articles:
- 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
Both smaller and larger LLCs can find strong resources at Schwab. Free access to a financial consultant and very low equity trading costs make this a compelling value. The $100,000 relationship minimum may be a disadvantage, although many businesses can meet it by spreading assets across multiple Schwab accounts.
Visit Charles Schwab
Written by Alex Bost
Updated on 4/22/2026.
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