Do I need a Business License?
I am a new CREI in Arizona that will be dealing mainly with Lease Options, Subject To Deals and some Flipping.
1. At what point do I need a business license?
2. What Business form is recommended? IE: Sole Proprietorship, or LLC.
3. From a marketing perspective, is it recommended to use your own name or will a DBA name add more credibility with prospective clients.
Thanks in Advance for your help with the above questions!
Vincenzo,
Glad to meet you.
I am a new CREI in Arizona that will be dealing mainly with Lease Options, Subject To Deals and some Flipping.
Q. At what point do I need a business license?
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A. You don't need a business license, I have done many Subject To deals in many States including Arizona, no licenses needed.
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Q. What Business form is recommended? IE: Sole Proprietorship, or LLC.
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A. I think you will find the general consensus would be a LLC for the type of investing you want to do. It gives you the protection you should have.
Sole Proprietorship offers no personal protection.
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Q. From a marketing perspective, is it recommended to use your own name or will a DBA name add more credibility with prospective clients.
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A. I have found that the people you will be dealing with like the personal touch rather than a Corporate approach. So use your own name when talking with sellers and your corporate name on your paperwork.
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Welcome on board this board, always a pleasure to meet new investors.
John $Cash$ Locke