River Account Type

　　River offers a specialized brokerage account designed for businesses, allowing them to conduct transactions under the entity's name. This account functions as a sub-account under the authorized user's main account, providing full River functionality. Businesses can buy, sell, hold, and transfer funds or purchase miners. Unlike typical brokerage accounts, River's business account allocates activity to the entity's Employer Identification Number (EIN) instead of the authorized user's Social Security Number (SSN). Eligible business types include corporations, LLCs, partnerships, trusts, solo 401(k)s, IRA LLCs, and IRA trusts. However, traditional retirement accounts such as regular 401(k)s and IRAs are not supported.

River Broker Account Opening Process

　　Opening a business account with River is straightforward and can be completed in a few steps:

• Qualification Questions: Begin by answering intake questions to determine eligibility for a business account.
• Document Collection: River will request specific documents related to the type of entity you operate. You will also need to fill out an application provided at this stage. If you do not already have one, you will create a River account for the authorized user.
• River Review: The compliance team at River will review your application and send a DocuSign agreement for all relevant parties to sign.
• Business Account Creation: After all parties have signed, River will create the sub-account for your entity within the authorized user account. You will receive a confirmation email once everything is complete.

　　To start the process, fill out the intake form or email support@river.com. If you do not have an account with River yet, you can create one by visiting river.com/signup. The onboarding process can be completed in as little as one business day once all required information is received.