Setting up Note Investing Business

[Jared W Smith]

Hello All, I am looking for advice on setting up my Note Investing Business. I have another business but it's unrelated to Real Estate or Investing (Architecture Professional LLC; PLLC) which had several additional steps due to the type.

Am I to assume for Note Investing, it's a regular LLC in my home state? Does it matter what states the mortgage notes are in? After creating LLC, I will get EIN, set up bank account. Am I missing anything? What about the name? Should I include pertaining wording in it like "Investments" or "Lending" or "Mortage Notes"?

Any help or pointing in the right direction is appreciated. Thank you

Jared Smith, RA  -  Principal Architect and Owner Architect Owl PLLC