Sequence-Specific Questions
Why do I need to register my business in Sequence?
Why do I need to register my business in Sequence?
All Pods and income sources in Sequence are real accounts tied to real entities.
Registering your business ensures deposits, taxes, and external connections are properly attributed to the right entity.
What if my business application isn’t approved?
What if my business application isn’t approved?
For security reasons, we can’t provide additional details. If your application isn’t approved, we’ll initiate a refund right away.
Can I register more than one business?
Can I register more than one business?
Yes, you can add multiple businesses under your account by going to Settings → Beneficiaries.
To register unlimited businesses, you’ll need to be on the Premium tier.
Do I need to register if I’m just testing Sequence?
Do I need to register if I’m just testing Sequence?
Not necessarily. If you’re only experimenting with personal accounts, you can skip registration.
But if you’re accepting deposits or connecting business accounts, registration is required.
What is a beneficiary in Sequence?
What is a beneficiary in Sequence?
A beneficiary is the entity or person who owns an account.
Every Pod, income source, and external account needs the correct beneficiary to prevent mismatches with deposits, tax filings, or bank syncing.
Can I change the beneficiary later?
Can I change the beneficiary later?
No. Once a Pod or income source is created under a beneficiary, ownership is tied to that entity. T
o change it, you’ll need to create a new account under the correct beneficiary.
What happens if I select the wrong beneficiary?
What happens if I select the wrong beneficiary?
If you choose the wrong one, deposits may fail (the name on the account won’t match) and tax reporting can get messy.
Always double-check before creating an account or linking externally.
Business Registration Basics
What is an EIN?
What is an EIN?
An EIN (Employer Identification Number) is like a Social Security number for your business.
It’s issued by the IRS and required for things like opening business bank accounts, filing taxes, or hiring employees.
What are Articles of Organization?
What are Articles of Organization?
These are the documents you file with your state to officially form an LLC.
They include basic details like your business name, address, and management structure.
What are Articles of Incorporation?
What are Articles of Incorporation?
Similar to Articles of Organization, but for Corporations.
They create your business as a separate legal entity and outline things like shareholders, directors, and purpose.
What is a Corporation?
What is a Corporation?
A business structure where the company is legally separate from its owners. Corporations can own property, take on debt, and pay taxes.
Owners (shareholders) are generally protected from personal liability.
What is a Limited Liability Company (LLC)?
What is a Limited Liability Company (LLC)?
An LLC combines features of a partnership and a corporation.
It protects members from personal liability but is simpler to manage than a full corporation.
Many small businesses choose this structure for flexibility and protection.