Wholesaling in a shopify dropshipping llc or as an individual?

[Anthony Howell]

I want to know if it is better to wholesale without an llc or wholesale with an llc that was ment for ecommerce.

Of course I know I should consult with a lawyer and none of what you all tell me on this forum is considered legal advice. You're not a lawyer and more importantly you're not my lawyer.

For some back story:

A couple years ago when the pandemic started I saw the writing on the wall with my old job. So I started a shopify dropshipping store. I intended to 'dropship' items from china and send them to customers. I filed an llc with the state of Ohio. I bought my sales and use tax permits with the state. But I ended up never buying or shipping any products. The llc has had no income since its inception.

Now I'm wondering if there is any beneficial protections to pivoting the llc from an ecommerce company to a real estate company. Is there paperwork I have to fill out for that? Are there any unforsceen consequences that could happen if I do a wholesale deal with my llc instead of just in my name? How do people protect themselves? I've heard that some people start out doing deals as a sole proprietor and then pivot?

I also want to add that I intend to only double close on deals and not assign contracts. That is specifically not something I can do in Ohio.

  Of course I know I should consult with a lawyer and none of what you all tell me on this forum is considered legal advice. You're not a lawyer and more importantly you're not my lawyer.

[Ed Brancheau]

You're not talking about the same type of wholesaling. This forum is meant for wholesaling real estate, not other types of products. While they share the same name, they're very different animals.