All Forum Posts by: Anthony Arias

When applying for an EIN, using the irs form SS-4 (rev. 1-2010), on line 17 where it asks; (indicate principal line of merchandise sold, specific construction work done, products produced, or services provided) If you wholesale properties, what is the verbiage needed on that line?

@Cameron Skinner

@David Krulac

@Judah Hoover

Cameron.. . my intent is to assign the contracts, not purchase the property.  Would you still advise the same?

Im a newbie investor. Stupid enough to create an LLC on 12-01-14. Now I have to file taxes for that LLC. I have no partners and plan to wholesale properties. Should I classify my LLC as an S-Corp or Corporation? Or can I just leave it as is - "disregarded entity" ?

Note:  I have no profits within the 31 day! period.  Any advice from people actively wholesaling is much appreciated.  Thank you.

Do contracts have to be notarized to be legally binding, to gain equitable rights, to cloud title, to wholesale a deal, before bringing to escrow?  Im in NYC.