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Bird Dogs, Wholesaling, Flipping Properties Forum
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Do I need to have a business name to do wholesaling?
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Topic: Do I need to have a business name to do wholesaling? (Read 656 times)
em0412
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Posts: 4
Do I need to have a business name to do wholesaling?
«
on:
November 13, 2009, 10:54:20 AM »
I'm new to rei and I plan to start with wholesaling. I'm in the process of putting together a game plan. My question is can I do without a business name if I will be starting with wholesaling?
Thanks,
Ed
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scostell
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Posts: 317
Re: Do I need to have a business name to do wholesaling?
«
Reply #1 on:
November 13, 2009, 03:08:12 PM »
The simple answer is no. Just think about what a wholesaler of real estate is doing.
You are purchasing a house (in a sense) and then selling that house. Don't need a business name for that.
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-Scott Costello
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em0412
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Posts: 4
Re: Do I need to have a business name to do wholesaling?
«
Reply #2 on:
November 13, 2009, 04:19:03 PM »
thanks for putting that into perspective
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aaronwilliams123456
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Posts: 156
Re: Do I need to have a business name to do wholesaling?
«
Reply #3 on:
November 21, 2009, 09:31:48 PM »
You should wholesale deals in a business entity after a few deals to protect you from being classified as a dealer from the government. But in the meanwhile don't worry about it and go for the gusto. Go luck.
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