I have two potential deals in front of me, I'm waiting on my articles of incorporation which the bank is asking for.

I send the listing agent a one page document with the property description, my offer price, earnest money amount, any contingencies, and it contains a line that says something like upon acceptance of the offer the full state PSA will be executed incorporating the terms of the offer as agreed.

As a general rule, DBA is for sole proprietors, not for incorporated entities.

In Nov. 2006, we incorporated our business...we foolishly, looking back, made a bad $10k mistake...at that same time, we had to evict a tenant, which became costly, and then we had to rehab that place, because the place was trashed...., when we finally evicted this tenant, the tenant in the back (as this was a duplex) moved out...we were now having to hold the property through rehab, which took way too long to finish (4 months)...yeah, it was that messed up...we learned a costly mistake...not periodically checking in on tenants...we should have...now we do...once a year...we started to "bleed", financially, we were also in the midst of a refi that fell through, and then my husband had a motorcycle accident, which then kept him out of work...we REALLY started to feel the pinch...that's when we started getting behind on our mortgage/s...and then it just got worse....our 2nd property all of a sudden got the attention of the city, and we were dragged into a hearing for a sub-standard on the property that we didn't even know existed during escrow (yes, again. we learned more about "due dilligence")...so, more money out of pocket, and another lost tenant.., now we were BLEEEEEDING...really borrowing from Peter to pay Paul...Well, if I go on, you'd think I were lying..In 2007 I had to now fight against our school district, because we have a special needs child, who was given an inappropriate education, for a year, and that cost money as well (to retain a atty.)...just too much...I ended up in the hospital, heart problems....of course, my husband took time off of work, more loss of income.

If you need to pay agent fees on the back end, and have to borrow funds for the build, you need to incorporate those costs in which case it looks too tight to do that.

Ours is, and HAS to be voted on in 3 years--20 years after the date of incorporation, as to whether to continue it for another 10 years, or to dissolve it.

Incorporation (If I form an LLC with myself as the managing partner and 1 or two investors as limited partners do I need workers comp and do I pay unemployment ins?

This also can be incorporated into a sales contract, but I prefer to use it as an addendum.BUYER ACKNOWLEDGMENT, DISCLOSURE AND ADDENDUM TO SALES CONTRACTI, ____________________ (“Sellerâ€), this _____ day of ____________________, _____, have agreed in writing to sell the property located at ____________________ (“Real Propertyâ€) to ____________________ (“Buyerâ€) and/or its assigns, according to the terms and conditions contained and described in the Sale Agreement (“Agreementâ€) of same date, a copy of which is attached.Buyer acknowledges, warrants and, represents as follows:(initial below)________ 1.

That info should be in your Articles of Incorporation or your ccrs.

The terms are not comprehensive and we expect that additional terms [including reasonable warranties and representation,] will be incorporated into a formal agreement (the “Agreementâ€) to be negotiated.