Karl James I came across this post and would be very interested in a copy of your tax reportage acknowledgement, if you're wiling to share it. Also, thanks for sharing your notary instructions. You are a wealth of knowledge, Karl. You're a pillar of this community!
Recommendations on LLC structure
Geoffrey Geoffrey Pierce last edited by
Jamie Meyer If you're just getting started remember to keep it simple. Don't fret the corporate structuring until you have something to structure for. A simple LLC for selling and a DBA for buying in your incorporating state of choice will take you quite far. That's my set up. I prefer to keep my buy and sell websites and personas independent from each other to avoid awkward conversations with sellers when they see what I'm selling for. Mailing consistently > any of that, though. Good luck!
Seth Williams thanks, i'll check that out!
Geoffrey Pierce Thanks for the advice and the reminder to keep it simple!
Geoffrey Pierce amen to this!
jawollbrink Jason Wollbrink last edited by retipsterseth
I simply use my llc name for buying and selling. Many merchants will consider your dba your website url name.
Personally i have a small company logo on both buying and selling. No problems so far.
I also have a recording on my phone for press 1 to sell your property and press 2 to buy one of our properties.
Jason Wollbrink thanks for the feedback!
I have the same doubt. I am wondering whether it's better to have:
- the DBA as the selling website and the LLC as the buying website?
- or, is it better to have the DBA as the buying website and the LLC as the selling website?
I imagine if I wanna keep them separate, like Seth recommends, at some point the person dealing with the DBA will know the LLC.
So is it better if the buyer finds out there's a selling website or is better for the seller to know there's a buying website?
jawollbrink Jason Wollbrink last edited by
I have seperate domains but the same llc. Havent had a problem.
Fahim Cassam I think this is one of those things that can be easy to over-analyze, but either one can work. Whichever way you choose, at some point, someone will see your dba and find out that the LLC name is different. When this happens, if they even care (and they rarely do), just explain the situation - both names are referring to the same entity, and you use the dba for branding purposes.
With most issues in the real estate business, objections are pretty easy to overcome if you're able to clearly and confidently explain what's going on and why. If you're truly staying above-board and not trying to deceive people with malicious intent, any reasonable person won't take issue with it.
Seth Williams I see your point. Thanks, Seth!