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Updated almost 17 years ago on . Most recent reply

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619
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Terry Royce
  • Real Estate Investor
  • Baltimore, MD
75
Votes |
619
Posts

Not having a company

Terry Royce
  • Real Estate Investor
  • Baltimore, MD
Posted

Since I'm just getting started into wholesaling, I am wondering how much it matters that I will be advertising myself as "Chesapeake Home Buyers" or some sort of company name, but I will be putting the contract down in my name.

Could any problems arise or come of this?

Or am I just worry about stuff.

Most Popular Reply

User Stats

193
Posts
46
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Tom Sylvester
  • Real Estate Investor
  • Rochester, NY
46
Votes |
193
Posts
Tom Sylvester
  • Real Estate Investor
  • Rochester, NY
Replied

A DBA is northing more than allowing yourself to be called something else. So instead of "doing business as" John doe, you would be "doing business as" whatever your company is. Either way, you will be taxed the same (personally). You would need to actually create some sort of company (LLC, S-Corp, C-Corp, etc) to change how you are taxed.

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