Using an LLC with Purchase Agreements

8 Replies

If I am operating under an LLC and I am trying to get property's under contract to then either assign or use some other strategy do I put down my LLC as the name of the Purchaser in the agreement.

I would assume so since that kind of seems to be the point of creating an entity. Are there any instances in this where you would have to include your actual name? For instance would I put my LLC as the purchaser but then would I have to include my own name for reference sake or is the LLC all that needs to be listed on the agreement?

Good question I would like to know as well. Let me see if I can ask someone I.know personally,  might be able to get an answer and I will share. 

If you're going to flip a contract you can use your own name or the LLC. If you use the LLC you will have to sign your name anyways. Since you are flipping the contract it really doesn't matter. You have the right to assign the contract. I think you reading too much into this.

If you have an entity in place, no reason not to use it. Depending on the circumstances, there may be liability protection to be achieved that way.

Yes, your entity is the purchaser.  Sign the contract as member or pres or whatever your title is.

Thanks for the Information everyone. 

I am in the process of taking calls and acquiring leads and I have yet to do a deal so I am just asking questions as they arise to make sure all my ducks are in a row. 

Originally posted by @Rob Beland :

If you're going to flip a contract you can use your own name or the LLC. If you use the LLC you will have to sign your name anyways. Since you are flipping the contract it really doesn't matter. You have the right to assign the contract. I think you reading too much into this.

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