Registering Your Business
Learn about the information you should have ready when forming a business with Dappr.
Business and Mailing Address
During the onboarding process, Dappr requires customers to provide both a business address and a mailing address. These addresses are submitted to state and federal authorities and are used to establish the official location of the company. The business address serves as the company’s registered place of operation, while the mailing address is used for receiving official correspondence.

Business Address Requirements
The business address must be a residential or business-zoned address in the United States. PO boxes are not allowed as a business address. This requirement helps prevent fraud and ensures compliance with regulatory guidelines. If the company is operated from a home, the home address can be used as the business address.
For businesses planning to use Dappr’s financial services, including the Dappr Financial Account and payment processing, additional restrictions apply. The business address cannot be a private mailbox (PMB), as PMB addresses are often associated with high fraud risks.
Customers can verify whether an address is classified as a private mailbox by using the USPS ZIP Code Lookup Tool at USPS ZIP Code Lookup. If the lookup tool returns a "PMB" designation, the address cannot be used for Dappr’s financial features.
Mailing Address Considerations
While PO boxes are not permitted as a business address, they can be used as a mailing address. If a customer wishes to receive official business correspondence at a different location than their business address, they may provide a separate mailing address.
What to Do If You Don’t Have a U.S. Business Address
For customers who do not have access to a residential or business-zoned U.S. address, Dappr offers TruLease, a virtual office solution that provides a physical business address backed by a lease agreement.
TruLease: A Business Address Solution
Dappr’s TruLease service allows customers to obtain a physical U.S. business address in one of three states:
California
Delaware
Florida
The service is prepaid for one year at a cost of $3,600. This virtual office can receive and manage both letters and packages, providing a fully functional business address for company formation and regulatory purposes.
Eligibility Requirements for TruLease
To qualify for TruLease, the legal representative of the business must provide documentation verifying their home address, whether located in the U.S. or abroad. Specifically, they must submit:
Three of the following documents (showing their name and address):
Lease or rental agreement
Utility bill
Bank or credit card statement
Government-issued ID (must show address)
Home internet bill
Cable TV bill
Tax return
Paystub (must show address)
A photo of the premises (to confirm occupancy).
Mandatory ID verification to validate the legal representative’s identity.
This verification ensures that the business address is legitimate and meets U.S. regulatory standards.
Purpose of Your Business
Why Business Purpose Matters
As part of the onboarding process, Dappr requires customers to provide a brief but clear description of their business purpose. This description, which is limited to 100 characters, may be filed with state authorities if required and is also reviewed by Dappr and our financial partners when determining eligibility for certain services.

How to Describe Your Business Purpose
The business purpose should be concise and specific while accurately reflecting the nature of the company. Examples of suitable descriptions include:
"Small Mexican restaurant in Mountain View, California"
"Software development firm specializing in AI automation"
"Online store selling eco-friendly clothing and accessories"
This information helps state agencies classify businesses appropriately and assists Dappr in determining eligibility for financial products and compliance monitoring.
Impact on Financial Services Eligibility
While Dappr will form any eligible business, companies seeking to access financial services, such as the Dappr Financial Account and payment processing, must meet additional verification standards. Shelf companies—businesses formed without intent to operate immediately—are not eligible for Dappr’s financial services.
Dappr does not guarantee pre-approval for financial services, and each application is subject to review by Dappr and its banking partners. Businesses with vague or misleading descriptions may face additional verification requirements before financial features can be enabled.
Checking for Uncommon Situations
As part of the onboarding process, Dappr asks customers to confirm whether their business falls into one of several uncommon business categories. While these situations do not apply to most businesses, they are important for regulatory, tax, and compliance purposes.
Some of the information provided in this step is required for the EIN application with the IRS. Additionally, certain responses may be submitted to state authorities, depending on state-specific requirements. Since Dappr offers financial services, businesses operating in regulated industries may also be subject to eligibility assessments for financial accounts and payment processing.

Uncommon Situations That Require Disclosure
During onboarding, customers must indicate whether their business falls into any of the following categories:
Owning a highway motor vehicle with a taxable gross weight of 55,000 pounds or more
This applies to businesses that own and operate large commercial vehicles, such as semi-trucks, buses, and heavy-duty construction vehicles.
The IRS requires businesses that own such vehicles to file Form 2290 and pay federal highway use tax.
Involvement in gambling or wagering
This includes businesses involved in casino operations, online betting, sports wagering, lottery ticket sales, and raffles.
The gambling industry is heavily regulated, requiring businesses to comply with state and federal gaming laws.
Many financial institutions, including Dappr’s banking partners, classify gambling-related businesses as high-risk, which may impact eligibility for financial services.
Selling goods or services subject to excise tax
Excise tax applies to specific goods and services that the government regulates due to their impact on health, the environment, or infrastructure.
Examples of excise-taxed products and services include:
Gasoline and diesel fuel
Airline tickets and transportation services
Tobacco and alcohol products
Firearms and ammunition
Indoor tanning services
Businesses that sell excise-taxed goods or services must register with the IRS and comply with excise tax filing requirements (typically through IRS Form 720).
Selling or manufacturing alcohol, tobacco, or firearms
This applies to businesses that sell, distribute, or manufacture alcoholic beverages, tobacco products, or firearms and ammunition.
These industries require special federal and state licenses, such as:
Alcohol licenses issued by the Alcohol and Tobacco Tax and Trade Bureau (TTB)
Tobacco retail permits
Federal Firearms Licenses (FFL) from the Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF)
Due to strict regulatory oversight, businesses in these industries may face limitations on financial services and must comply with state and federal sales and distribution laws.
Operating as a board-certified professional entity
Certain professions, such as lawyers, doctors, accountants, and engineers, may be required to form a Professional Corporation (PC) or Professional Limited Liability Company (PLLC) instead of a standard business entity.
These businesses are subject to licensing and certification requirements from state professional boards.
States impose specific rules on ownership, governance, and liability protection for professional entities.
Impact on EIN and Financial Services
Some of the information provided in this step is directly reported to the IRS as part of the EIN application process. Businesses involved in gambling, excise-taxed products, or regulated industries may need to complete additional tax filings and compliance steps.
Additionally, eligibility for Dappr’s financial services may be affected based on these responses. Certain industries, such as gambling or firearm sales, are classified as high-risk by financial institutions, which may result in automatic rejection for Dappr Financial Accounts and payment processing services.
By providing accurate information during this step, business owners can ensure compliance with tax authorities, avoid potential filing issues, and determine their eligibility for financial services.
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Providing Legal Representative Information
As part of the business formation process, Dappr collects information about the legal representative of the company. This information is required to comply with state, federal, and international regulations, ensure identity verification, and assess eligibility for financial services.
Dappr partners with Plaid and Stripe to conduct secure ID verification, matching the legal representative’s details to various government databases. This ensures compliance with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations while preventing fraud and unauthorized business registrations.
What Information is Required?
During onboarding, the legal representative must provide:
Home Address – The address must be valid for receiving mail. It can be the same as the business address and does not have to be located in the United States. However, the home and mailing address must be the same (separate mailing addresses are not allowed).
Date of Birth – Used for identity verification.
SSN, ITIN, or Foreign Equivalent (PIN) – Dappr verifies this number against government databases through Plaid and Stripe.
Government-Issued ID – Required to confirm identity, prevent fraud, and ensure compliance.
U.S. Address Requirement for Financial Services
While the legal representative’s home address does not have to be in the U.S., some of Dappr’s financial features, including the Dappr Financial Account, require a U.S. address. To qualify for these features, the legal representative must have a U.S.-based residential address, which cannot be a PO box or a private mailbox (PMB).
Customers can verify if an address is a PMB using the USPS ZIP Code Lookup Tool at USPS ZIP Code Lookup. If the lookup tool returns a "PMB" designation, the address is not eligible for Dappr’s financial services.
Options for Non-U.S. Residents Without a U.S. Address
If the legal representative does not have a U.S. address but needs one to access financial services, Dappr offers two solutions:
TruLease (Business Address Solution)
Provides a U.S. business address backed by a lease agreement for $3600 per year.
The address can be used as both the business and home address.
Available in California, Delaware, and Florida.
TruResidence (Residential Address Solution)
Provides a U.S.-based physical residential address for $300 per month.
Allows the legal representative to receive both letters and packages.
Requires strict identity verification, similar to TruLease.
Even when using TruLease or TruResidence, the legal representative must still provide their foreign home address for compliance purposes.
Legal representatives without a U.S. address should carefully consider TruLease or TruResidence if they plan to access Dappr’s financial features, ensuring their business meets regulatory requirements from the outset.
Selecting Your Role in the Company
After verifying their identity, the legal representative of the business must define their role within the company. This step helps Dappr determine ownership structure, management responsibilities, and equity distribution.
At this stage, the onboarding process starts to separate LLCs and corporations, as the available roles differ depending on the type of business being formed.

Role Options for LLCs and Corporations
For LLCs
Legal representatives forming an LLC can select one or both of the following roles:
Member with an ownership stake – Holds equity in the LLC as an owner.
Manager handling day-to-day operations – Responsible for running the business but may or may not have an ownership stake.
For Corporations
Legal representatives forming a corporation can select one or both of the following roles:
Owner of corporate shares – A shareholder who holds equity in the company.
Director on the board of directors – A member of the board responsible for governance and strategic decisions.
At least one role must be selected, but users can select both if applicable.
Additional Questions Based on Selected Roles
Once a role is selected, Dappr will ask additional relevant questions based on the business structure:
For LLC Members – The user will be asked to indicate their ownership stake as a percentage of the company.
For Corporation Shareholders – The user will need to select the number of shares they own.
For Corporations – Before assigning shares, the system will first prompt the user to set the total number of common shares the company will authorize.
For Members and Shareholders – The system will ask for their investment amount, which represents their initial capital contribution to the business.
Selecting the correct role in the company is a key step in structuring ownership, management, and decision-making. This information helps Dappr generate formation documents, assign ownership stakes, and prepare financial records. Business owners should carefully review and confirm their role selection to ensure accuracy in company records.
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