Obtaining a business license for fix and flip
Good evening to everyone,
I am a beginner investor and would like to know if anyone has any suggestions on what to actually categorize your LLC as when you are trying to fix and flip and/or buy and hold property? I have a business here in Hampton Roads Virginia, however, I was given a hard time when starting it, being told that the license fees and the taxes are based on what the property sells for and if I am fix and flipping a home, that I would need a contractors license. I know others that are in the same business that do not have such licenses. I just want to make sure I am following everything to a tee since I am a beginner. Any suggestions and/or recommendations would be appreciated. Thank you