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Updated over 7 years ago on . Most recent reply
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Using DBAs when wholesaling property
Can I buy with DBA #1 and sell with DBA #2 under the same parent LLC? Or would I use the LLC name on both sides? Would it differ if I was doing assignment vs double close?
Most Popular Reply
Legal issue but probably not, if the intent is to use only DBA names and not the LLC name in the contracts.
http://yourbusiness.azcentral.com/account-company-name-dba-contract-26318.html
"You may think it's not important to indicate both the legal name and the DBA of your company when signing a contract because you use the DBA exclusively in your advertising and on products for sale. A DBA, however, is basically just a nickname, and using it without reference to the full legal name of the company in legally binding transactions can undermine the liability protection that corporation and LLC business structures provide. A business creditor can argue that the person who signed the contract is individually liable for performance because the legal name of the business was never used."