Philadelphia paper work

[Terrell Kennedy]

how do I get the proper paper work I need to Make sure my business don't go through any problems

[Rebecca Belnap]

Your business will go through problems no matter what paperwork you have, so don't worry about it too much.

You weren't specific about which type of paperwork you are asking about or which type of business you plan to do, so here are a few ideas:

1. State approved REPC.  That is short for Real Estate Purchase Contract.  I always use the state approved one since ours is good and it doesn't look like I'm trying to pull a fast one with small print.

2. Do you want to set up an LLC? Again, this is something the state will give you the proper forms for, or a lawyer can help you with it for a fee. You only need this after you have at least one property unless you are using a Hard money lender that only lends to companies. That is for their regulations, not to benefit you. If you are using any conventional lending they will only lend to you in the beginning and not your company.

To begin with, don't worry about LLCs and Scorps; just find a deal that cash flows or you can flip and worry about the company structure when it exists.  Too many people don't act because they think they have to do all the busy work first.  Just find a deal.