MRG Investor Training Program:

Get Started Guide

Create Business Entity

The first thing you want to do is create a business entity. Typical financing options for your investment property will require that the loan be secured by a business. It doesn’t matter what type of entity it is (ie. LLC, S-Corp, etc) but you may want to consult your CPA for insight on which entity type would be best for you. It is very common to see most investors create an LLC (Limited Liability Company).

Get creative and come up with a name for your new business! When you click the button below you will be forwarded to the Secretary of State website where you will create an account in order to file your entity. Once you have created the account and logged in, click the second link to “Create or Register a Business”.

What you will get:

Articles of Incorporation or Articles or Organization (once your entity is approved by the SoS, you will receive and email with this document.)

Operating Agreement

Once you have created your business entity, the most important document is the Operating Agreement. This document will detail the operations of your business, ownership, and signing authority. Although you won’t need to officially file this with the Secretary of State, you will need a signed copy to include with your loan application. I have provided a template for you to get started!

Tax ID/EIN

In order to establish a bank account for your new business you will need a tax id/EIN number provided to you by the IRS. It’s a quick and easy process! This will be essential to you when it comes to the finances of your business. Click the button below to be forwarded to the IRS website where you can apply for your EIN.

What you will get:

EIN should be provided to upon completion the application. You will receive an email within about 3 business days with a copy of your SS-4.