LLC Setup

Form Your LLC With Ease

Setting up a business entity can be stressful and confusing. With Equity Doc Prep, you can trust we’ll make the process as quick and easy as possible. We have an experienced team that will work with you to navigate the many forms, filing requirements, and costs with ease.

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Why do I need to set up a new LLC? 

To ensure compliance with IRS rules and to maintain the tax-advantaged status of your IRA, you are required to form a NEW LLC for your Real Estate Checkbook IRA.

This LLC is created specifically to act as the investment vehicle through which your self-directed IRA can make investments and should be wholly owned by the IRA. You can’t use an existing LLC because mixing personal funds with IRA funds would be a prohibited transaction.

When using an LLC as an investment vehicle, it’s important to understand the differences between a single-member LLC and a multi-member LLC:


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How We Set Up Your LLC?

1. Name Your LLC

Once you’ve established you want to set up an LLC, choosing the name for your business is the first step. You can pick almost any name for your LLC, provided it hasn’t already been taken.

2. Choose a Registered Agent If Needed

A registered agent (RA) is an individual or company that accepts documents and notices on behalf of your business. Most customers will serve as their own registered agent, though if you wish to establish an LLC outside of the state in which you reside, a registered agent becomes a necessity.

3. File Articles of Organization

Equity Doc Prep files your Articles of Organization, a critical legal document in the formation of a LLC. They serve as the official registration of the LLC with the state and include key details about the business. Each state has different requirements for the content and filing process of the Articles of Organization, so it’s important to follow their specific guidelines. Once filed and approved, the LLC becomes an official registered business entity.

4. Create an Operating Agreement

Operating agreements serve as contracts among LLC members, outlining how the company operates and providing essential protection for both the business and its members. 

5. Apply for an EIN

An EIN, or Employee Identification Number, is an identifier assigned by the IRS for tax purposes. Equity Doc Prep can assist with this.

6. Administrative Review

Equity Doc Prep ensures you have all the necessary documents in place to successfully establish and fund your LLC from your IRA. 

I’ve Set Up my LLC. What are my responsibilities?

In addition to adhering to the responsibilities around prohibited transactions, it's important to remember that the LLC has maintenance requirements. 

To get started, call us at (239) 895-9732 or submit the form below: