Bob Fraser walks through forming an LLC for your investments. You can draft an operating agreement with ChatGPT, get an EIN from the IRS website, register with your state, then open a business checking account. It's fast and costs almost nothing.
It should be one of the first things you do. And because the cost is so low, to form an LLC is basically free. So you can go to ChatGPT and get an operating agreement, go to the IRS.gov and get an EIN. And with those two things, you can go to a bank and open a checking account. And, well, you got to register with the state. Go bring the OA, that certificate, and the EIN to the bank and open a checking account. Boom, you're in business. And I argue, right, in the book, we argue that you want to treat your investments like a business. This is step one. Open a business.
