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Updated almost 7 years ago on . Most recent reply

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David Mansfield Todd
  • Winston Salem, NC
0
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Personal name or Business name

David Mansfield Todd
  • Winston Salem, NC
Posted

I'm just getting started in wholesaling I'm at the collecting information stage. So my question is what name should be on the check at closing time? Also when and where and what forms should your business and personal name should be on?

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Skylar Simpson
  • Specialist
  • Salem, OR
54
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Skylar Simpson
  • Specialist
  • Salem, OR
Replied

So if you have an LLC and are putting deals under contract with your LLC then your signature at the bottom will be something along the lines of "David Todd managing member" but within your contract you will be using your LLC's name as "buyer".

My LLC has a business checking/savings account that I deposit my investing checks into (since all my deals I use my LLC to close with)

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