Charles Schwab Business Accounts
Businesses, organizations, and corporations of all sizes can open investment accounts with Charles Schwab. Schwab offers brokerage accounts for Limited Liability Companies (LLCs) that come with many advantages at low prices, though a significant minimum opening balance is required.
Available LLC Types at Schwab
Schwab allows brokerage accounts for the following types of LLCs:
- 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 the website or mobile app, LLC accounts require a paper form. An LLC account cannot be opened online. To begin, visit Schwab’s online organization account hub to find information about entity accounts and download the application form. Be sure to download the unincorporated form, as LLCs are always unincorporated.
Once the correct form is downloaded, it must be filled out with the necessary information, such as the Social Security Numbers and driver’s license numbers of all individuals associated with the account. Since the form is fillable, it's best to complete it on a computer, then print and sign it. You can save the form to complete later if needed.
Once the form is completed and printed, signatures from all authorized persons on the account are required. After this, the form can be sent to Schwab using any of the following methods: drop it off at a local Schwab office, fax it to (888) 526-7252, upload it via Schwab’s website (an account login is required), or 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, they will process the application, which typically takes a few business days. Once completed, Schwab will send the account number to those listed on the account, and this number can be used to log in to the account on Schwab’s website or mobile app.
Charles Schwab Website
Visit Schwab Website
Extra Help from a Financial Consultant
LLC account applicants can reach out to a Schwab Financial Advisor if they need assistance. This service is free of charge, and it’s available both before and after the account is opened. You can contact a Financial Consultant at a local branch or by phone at (866) 516-0483.
Trading in an LLC Account
Once the business account is set up, it will have access to a wide range of investment products. For domestic LLCs using the partnership, S-corp, or C-corp tax structures, this includes all of Schwab’s offerings (such as futures contracts and foreign stocks). However, international LLCs and single-member LLCs cannot trade futures or foreign stocks but can still trade stocks and bonds. LLCs of all types can trade options, use margin, and engage in short selling.
Schwab Business Account Fees and Minimums
Schwab requires a $250,000 minimum balance to open an LLC account. However, this amount can be spread across multiple accounts. While this minimum is a bit steep, trading with these funds is easier thanks to Schwab’s low commissions. For example, trades in U.S.-listed stocks and exchange-traded funds are commission-free when placed online. Treasury trades are also inexpensive, and many mutual funds come with zero loads and transaction fees.
LLC Education
Once you have login credentials, you’ll have access to a variety of resources on Schwab’s website and mobile app. Under the “Learn” tab, you’ll find several educational materials that business accounts will find useful. Some of the articles available include:
- 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
LLCs, whether small or large, can benefit from Schwab’s resources. Free assistance from a financial advisor and excellent pricing on equity trades make Schwab a great value. However, the $250,000 relationship minimum may be a challenge for some businesses, although the requirement can be met with multiple accounts.
Free Schwab Business Account
Visit Schwab Website
Updated on 2/27/2026.
Chad Morris is a financial writer with more than 20 years experience
as both an English teacher and an avid trader. When he isn’t writing
expert content for Brokerage-Review.com, Chad can usually be found
managing his portfolio or building a new home computer.
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