Forming your company is necessary for you to open bank accounts, enter into contracts, hire employees, and obtain business licenses/permits
You may want to discuss with a CPA or attorney what the best business structure will be for you
You should draft articles of incorporation/organization (this is often done with an attorney or legal partner)
You will want to verify the name is available and can be used in your state
BriefcaseRegister with Secretary of State
Register your business with the IRS to obtain a Federal Employee Identification Number (EIN)
Register within the Home State that your company is located in
In order to do business in multiple states, you will need to file for “foreign authority” outside your primary formation state
BriefcaseEnsure Individual Requirements are Met
MLO licensing requires compliance with pre-licensing education and testing requirements, as well as the submission of an MU4 (Individual) application in NMLS
Many states require a company to assign a licensed MLO to serve as a company control person (also known as the Qualifying Individual).
