When starting out a wholesaling business from the ground up, with not enough capital yet to incorporate, and act as a sole proprietor, does one still sign the contract in his/her own name or the company name?
In that situation, you should be signing contracts in your own capacity (your name) even if you're DBA (Doing Business As) something else.
Thank You Mehran for clarifying that for me!
@Account Closed could you explain further, because I had the same question when it comes to filling out the purchase and sale agreement as well. Can I put my DBA name as the buyer at the beginning of the contract between the two parties? Also, on the signature line at the bottom for "Buyer" what would I put here? My personal name? Do I write in my name, "member" or "officer" if it is only a DBA? Or just my personal name and signature?
Hi St. Clair Grosvenor,
My apologies for the delayed response. As mentioned, if you are operating as a sole proprietor, even if you have a business name, you would sign the purchasor/buyer with portions of the contract with your own personal name. Remember to always include "and/or assigns" so that you can assign your contracts. The process differs if you are LLC, etc. Your real estate tax or law expert should be able to steer you in the best direction for whatever situation you may be in. That is what I ended up learning down the road. Hope this helps.
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