Business Type
The merchant application process begins by identifying the business overview via business type and the category.
Property
Description
type
required
Use the code for one of the following business types.
1. Sole Proprietorship => PR
2. Partnership => PA
3. Single Member LLC => LLS
4. Multiple Member LLC => LLM
5. C Corporation => COC
6. S Corporation => COS
7. Nonprofit Corporation => NPC
8. Unincorporated Association => NPU
tax_classification
optional
This is required only for LLCs.
1. Corporate => TXCO
2. Disregarded Entity => TXDE
3. Partnership => TXPA
It defaults to Corporate TXCOif not provided.
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