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WV | 318943 | Tuesday, September 4, 2012

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Start Dba Llc? Hello Im MacThomas Ray sh g. I am opening a new Real Estate Investor, the business name is Ni xyz Ke Mar Heven and I reside in Huntington, WV.

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What are the steps for Real Estate Investor Real Estate Investor licensing and tax registrations? I'm thinking of filing legal paperwork for Real Estate Investor. I'm wanting to since I am interested in starting my own business Real Estate Investor so I thought that Start Dba Llc? Must a Real Estate Investor Real Estate Investor in Huntington, West Virginia have to obtain Permits LLC and Tax IDs Required to Start my Small Business 25703, :

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Will Have Workers Real Estate Investor in Huntington,   Cabell County, West Virginia Registering a business in Huntington?

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All Real Estate Investor Real Estate Investor business ( including home mobile and online business and regardless of the type of business) need to get a(n) in Huntington businesses, MUST Obtain a(n) Business License Business tax registration.

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Setting up or forming a limited liability company (LLC) online is simple, easy and affordable, inexpensive process for under $60 plus state fees. An LLC is a corporate structure and you will not be held personally liable for the company debts or liabilities because, similar to a corporation, owners have limited liability for the debts and actions of the LLC. Limited liability companies (“LLCs”) are hybrid entities that blend pass-through taxation of partnerships and corporations and preferable because they allow you to save on taxes. For example, the “New LLC Law” that became effective in 2018 and the 20% reduction in business taxes for small businesses earning less than $157,500. LLCs were first created in Wyoming in 1987 and have become the preferred entities because LLCs are not bound by the same rigid rules of corporations and require no formalities such as corporate minutes to hold unless you filed an IRS form and you treat your LLC as a "C" corporation. All LLCs need an IRS EIN after setting the LLC up, and a Responsible Person as well s keeping track of members and LLCs financial transactions and a filing of Form 5472. Foreign persons will have to report individually the transactions. Form 5472 is an information return for tax purposes and after an LLC is liquidated, it must file a final Form 5472 as well as when adding members.im a real estate investor Fees Obtain It Online Now!

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Real Estate Investor Q:licenses I will need? In all seriousness, becoming a real estate agent can be an exciting and rewarding career path. As a real estate agent working for a broker or realtor, there are specific licenses and requirements that you need to meet to operate legally. Let me break it down for you: Real Estate License First and foremost, you'll need to obtain a real estate license to legally work as a real estate agent. This involves completing a pre-licensing course, passing a state exam, and meeting any other state-specific requirements. Each state has its own real estate licensing board, so be sure to check your state's specific requirements. Broker's License To become a broker, you'll need to have several years of experience as a licensed real estate agent and complete additional education requirements. If you're planning on eventually becoming a broker, you may want to consider working for a brokerage that provides mentorship and support for agents looking to move up. MLS Membership Most real estate agents work with Multiple Listing Services (MLS) to gain access to a comprehensive database of available properties. MLS memberships require payment of a fee and often have additional requirements, such as regular continuing education courses. Business Licenses As with any business, you'll need to obtain any necessary business licenses to operate as a real estate agent. This can include a general business license, tax registration, and other permits required by your local government. Insurance While not a license, it's important to mention that many brokerages require agents to carry Errors and Omissions (E&O) insurance. This can protect you from financial liability in the event of a lawsuit or other legal issues related to your work as an agent. Starting a career in real estate can be a rewarding experience, but it's important to make sure you have all the necessary licenses and insurance to operate legally. Best of luck to you in your career as a real estate agent!

25703. Cabell County Start Dba Llc own online home business. Also will a Huntington Real Estate Investor business permit can be obtained? Is my own home business subject to self employement tax? In addition will a Huntington business permit required? Do new small businesses operating from home online need West Virginia 25703 a business license? If so what is the business license cost? Real Estate Investor

Note that all home based business are subject to the same licensing requirement as any business.         I am a home based business. Do I need licensing? Do I need licenses and tax IDs if I make less than $5000.00 per year? Physical location business.     im a reai estate investor (land lord)

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How to get a WV LLC Limited Liability Company? Tax IDs DBA LLC or Corporation to Start a Business for : start a WV Real Estate Investor business. Huntington, Cabell County  , WV 25703 .
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If you are a partnership means you are a business entity with multiple owners and thus you will need a dba and a federal ID. If you are a service but you also use parts you will need a sellers permit also called a resale license or resale certificate to collect taxes and or buy wholesale. Any businesses that sell prepared food need a sellers license. If you are a professional such as an architect or doctor you also need a professional license from the state. Also you can simply use a bank with low interest rate to fund your enterprise. If you sell items you will need a sellers permit is also called a sales tax id number because you can buy wholesale and sell retail with it. Online business that sell merchandise online need to collect taxes and that requires a state ID. You can use a business plan to start a business but you do not really need it. Make sure your domain name has a word of your service of product in it. After you obtain a domain name you will need to host it and create a website. A secure shopping cart on your website is a must. Do not forget that your business cards are a good form of advertising. Get all the business advice you can but get it free for now.

✔ Biz Structure You can choose to be a(n) Real Estate Investor : Sole Proprietor, LLC, Corporation or Partnership. After you decide and select your business entity, you need licensing. ✔ Biz License Huntington Business Tax Registration ( Business License) All businesses including home, online or mobile BUSINESS need a BUSINESS license because they are BUSINESSES.

✔ DBA Biz Name A(n) Real Estate Investor business doing business under an assumed business name in Cabell County i.e. you are a business that uses a DBA doing business as trade name to trade that is other than the full legal (first and last -- full name) name of a sole proprietor or a name other than the LLC or Corporation business name need a(n) assumed business name certificate.   E.g. you venture into a(n) Real Estate Investor business and you give it a trade name such as "Excellence Real Estate Investor & Associates". You will need to register an assumed business name certificate.

✔ Seller Permit In West Virginia you need a resale ID ( AKA seller's permit) if you selling touchable items.  (A.K.A state id, wholesale, resale, reseller certificate, about $39 for most states). Seller's Permit ✔ Federal EIN Note: All businesses need a federal tax ID number except sole proprietors that are not employers and are not independent contractors. An independent contractor is a self employed business person that receives more than $600 per year from anyone of his or her clients. IRS rule: The client must issue a 1099 form to the independent contractor and the independent contractor must have a federal tax ID. However, even sole owners may obtain a federal ID and use it as a business tax ID instead of using their own social security number as a business tax ID number. However, all other licenses that apply to sole proprietors as discussed here are requited regardless of getting a federal tax ID number. ✔ State EIN Also keep in mind that employers will need to obtain a federal EIN and a State EIN tax identificattion number. I.e., a WV Federal Tax Id Number ($29)  and a(n) WV  State Employer Tax Number   ✔ L L C Instead of filing a fictitious business name DBA Filing (about $49 plus state and legal newspaper publication fees) in Huntington, Incorporate in WV  or form a(n) WV LLC .  Filing a DBA is not required if you will set up an LLC or form a Corporation. If you will do business under your first and last legal name you will not need to get a fictitious business name. Using any language that connotes additional owners in the name of the business makes filing a fictitious business name mandatory. ✔ Incorporation If you do form an Real Estate Investor llc or incorporate (about $49 plus state fees for most states) your Real Estate Investor business instead of just filing a fictitious business name (dba), that insurs that you don't have personal liability for debts and civile liabililty arising from your business dealings and you will not have to record the Huntington business name. In lieu of recording a Cabell County trade company name (our filing service fee includes trade name registration and newspaper legal publication for 4 weeks) you can also form a corporation in West Virginia or form an WV LLC (starts @ $49 plus state fee for most states & includes bylaws for the corporation and Limited Liability operating agreement for the LLC that is required to open a business bank account). .

About Your Business Type Real Estate Investor "Good morning, Jimmy! Starting a real estate business, huh? Well, let me tell you, it's like trying to herd cats. But don't worry, I'm here to help. The best way for new investors to get started is with multi-family homes. That's why it's usually not easy to find them for sale! Investors know these are great investments, because of the diversified risk. Rentals are the greatest real estate investment property type because of their regular occupancy and profitability. To become a real estate millionaire, you may have to own ten properties or more. So, you need to accumulate rental properties with a total value of at least a million. The Limited Liability Company (known as LLC) is the best entity for most real estate and mortgage investors who "buy and hold" their investments because LLCs don't pay taxes, they avoid corporate or business taxes and more profit is available to pass through to members. A major advantage of the LLC over the S corporation is that it can provide pass-through taxation without having to meet the requirements of Subchapter S. In other words, they avoid the "double taxation" that corporate investors face, under which the corporation pays taxes on profits and then investors pay taxes on their gains. When you buy and hold real estate, it is considered a capital asset. Generally, an LLC is typically better for rental properties than an S corp. However, both offer: Liability protection for the owners. The chance to avoid double taxation by being taxed as a partnership. Real Estate Industry Now, let's talk about the real estate industry. Did you know that the real estate industry in the US is a $36.7 billion dollar industry with over 2 million people employed in it? That's a lot of people buying and selling houses! The NAICS code for real estate is 531 - Real Estate. The code encompasses businesses that buy, sell, rent, or manage real estate properties. Types of Licenses So, let's talk about the types of licenses you might need. There are a few, and they can vary depending on your location and the type of properties you're dealing with. First, you might need a real estate license. This license is required if you're going to be buying, selling, or leasing properties. You might also need a broker's license if you're going to be acting as a broker for other people. You might also need a business license. This is a license that allows you to legally operate your business in your state. It's usually required for all types of businesses, including real estate businesses. You'll also need to register your business name. This is done by filing a DBA (Doing Business As) form with your state government. It's usually not very expensive, but the fee can vary depending on where you live. LLC or S-Corp? Now, you also asked about LLCs and S-Corps. The truth is, both options have their pros and cons. An LLC, or Limited Liability Company, is a type of business structure that provides liability protection for its owners. This means that if someone sues your business, your personal assets (like your home or car) won't be at risk. An S-Corp is a type of corporation that offers similar liability protection. The main difference between the two is how they're taxed. An S-Corp is taxed like a partnership, while an LLC can be taxed like a sole proprietorship or a partnership. Special Permits and Certifications Finally, you asked about special permits and certifications. Depending on what kind of properties you're dealing with, you might need additional permits or certifications. For example, if you're dealing with lead paint, you might need to get certified by the EPA. Or, if you're dealing with hazardous materials, you might need to get special permits from your state government. It's important to do your research and make sure you're complying with all local, state, and federal regulations. So, there you have it, Jimmy! Starting a real estate business can be a bit of a headache, but with the right licenses and permits, you'll be on your way to buying and selling properties in no time. And if all else fails, just remember the wise words of my Aunt Mildred: 'When life gives you lemons, sell them to someone who needs lemonade.'" Not Sure? Take Short Quiz ? Here is What You Need... Real Estate Investor Buy houses to rent, buy and sell, flip house, etc., real estate investing business normally file an LLC and get a federal tax ID to start. Then they make that a series LLC by filing an LLC under it for each house bought to rent or resell. In that case, you will need series LLC, a federal tax ID number and a Business License. If you hire employees to help you buy or sell the houses, you will also need a state employer ID. Finally, to buy any construction materials such as construction paint tax exempt, you will need to obtain a Sellers Permit. Whether you are starting a commercial or residential real estate investing for rentals, buy and sell houses, flip houses, etc., the profits are low risk and big and the rules are the same. First, create a robust business legal structure to protect your investment. Note that an LLC is the best for real estate because a judgment creditor cannot seize the real estate, especially if you own it with a partner, because the LLC protects both the asset under it and your personal assets such as your own house and personal property such as your Ferrari or gold bars or certificates. This involves a series LLC if you will buy many properties. A series LLC is an LLC that has other LLCs under it. You can also create an LLC for each property but the operating expenses for each LLC create an annual expense that you may not want. For example, a NV LLC has an operating expense of at least $250 per year plus the fee to register it, which is an onetime fee of about $300 to $500. So if you have 10 LLCs, this translates to about $3,000 or more per year in LLC expenses. On the other hand, a series LLC is one LLC even though it has other LLCs under it ( the LLCs under it do not pay annual maintenance fees ) only cost what one LLC costs per year to maintain annually and each LLC under it is independent and separate. Since you are a business, you also need a Business License, and if hiring employees, you will also need a state employer EIN in addition to the Federal EIN that you need for the LLC anyways. Of course, some locations may require that you obtain a permit for each rental location but that comes after you find your first tenant. First set up your LLC, get a federal tax ID, and a Business License to start. Just purchase the LLC service here and also obtain a federal tax ID. That will set you up as an LLC. Then to become a series LLC, you need to create LLC agreements for each LLC under it for each property you buy as you go along. To create an Series LLC agreement, you may have to talk to a lawyer but you don't have to till you buy the second investment property so you can save the expense till then. Your first LLC will be good as an independent LLC or as an Independent LLC that can become an Independent Series LLC later. As you understand, states such as Delaware and NV as well as most other states allow series LLCs but an attorney must draft an agreement comporting with state guidelines that it will make it a series LLC. That means, in the beginning you just need to file an LLC and you can do that here very inexpensively. The real estate investment Potential Profits as rentals is a very safe investment as compared to stock investment but it is, like most business risky. However, no risk, no reward as the saying goes. Here is how to minimize your risks and maximize your profits in the real estate investment. How to evaluate a real estate property you planning to buy to rent Remember that your success in this is determined at the time you BUY the property. In order to be successful, follow these rules and you will: Rules and formulas of Real Estate Investing for Rentals First there is the 1.2% rule Rule, which is the easiest and most intuitive. Second, the Cap rate is the most comprehensive. Third, the Cash-on-cash is a nice finishing touch. Advice: Use all three. The 1.2% rule requires that the MONTHLY rent you receive from the property must be 1% or more of the total price of the property. So, for example, you buy a property for $100,000, the monthly rent must be $1,200 or more to make it worth for you to buy and rent it. Total price of property includes property price, closing costs, and any upfront repairs to get the unit rent-ready. For example, you buy the property $60,000, including the price and closing costs, and you pay $20,000 for repairs to get it ready to rent. The total price you paid for the property is $80,000 so you must make at least $800 per month in rent to make it a good investment. Of course, you can use a 2% rule and some do but they buy risky properties in risky areas. Here, we are talking about an average or above average neighborhood with tenants with at least some college education. These tenants do not live in a ghetto area nor in a low income neighborhood. You can get as much as 2% in a ghetto or low income neighborhood but it comes with its risks. So let's calculate the costs and expenses of an $100,000 property: Rent: $1,200 per month. Mortgage: — (Paid-in-Cash) Taxes: $100 per month ($1200/year) based on 2013 tax records Insurance: $50 per month ($600/year) estimated Vacancy: $100 per month ($1,200/year) at 90 percent occupancy, $1,000/mo rent Management: $100 per month ($1,200/year) at 10 percent fee, $1,000/mo rent Repairs/Maintenance: $100 per month ($1200/year) based on “one percent of purchase price” rule-of-thumb Total Expenses: $450 per month Total Profit: $750 or $9,000 annually. The Capitalization rate rule measures the return on the property value. Cap rate equals annual net operating income divided by the total price you paid for property. So, for instance, in the above example the Rent = $1,200 per month the Insurance, Taxes, Water, Trash, Repairs, etc. = $450 per month. So, your “Net operating income” (also known as “NOI”) = $1,200 – $450 = $750 per month. Multiply by 12 to find your Annual NOI: $700 * 12 = $9,000. To find the cap rate, divide $9,000 (Annual NOI) by the total price of the property. Let’s assume your property cost $200,000. $9,000 / $200,000 = 0.045 Multiply by 100 to convert it into a percentage. The $9,000 in cash flow you’re receiving translates to a 4.5 percent return on your property value. On the other hand, if you bought the house for only $100,000 then your cap rate skyrockets to $9,000/$100,000 = 0.09, or 9 percent. At that rate, you recoup your investment in 11 years $9,000x11=$99,000 and still have the property possible still worth $100,000 or more. Of course, you noticed that we don't include the mortgage, if any, in our calculation because it builds our equity and service debt, respectively. The mortgage payment is not an operating expense nor is the interest an expense because the interest can fluctuate from 3% to 30% so it cannot be in the equation. So, we use the above rules to calculate our risk and reward and then we can find good financing to buy the property or just buy it cash, if cash is available. Cash-on-Cash Return On Cash-on-Cash Return we calculate what the annual NOI is and then we divide it by down payment. is this income property a good investment? Using the same example as above: I buy a house for $100,000. I put 20 percent down, or $20,000. The annual NOI is $9,000. $9,000 / $20,000 = 0.045, or 45 percent! Hoh, hoh, hoh... good country America, huh? Of course, buying a property with an $80,000 debt creates risks and you should consider them. Here is What You Need... Get It Now... Not Sure? Take Short Quiz Related Articles: real estate Investor Dba Filing Riverside Ca   Real Estate Investor Start Dba Llc   real estate investor set up a dba in texas

> >Get it Now! 77813 If your business includes any items or merchandise you provide with the service you will need a sales tax ID to buy them tax exempt and sell them retail to your customers separate from your service.   Yes you should obtain a business checking and or credit card for your business. Banks require you file a fictitious business name certificate before opening a business account.       A brief and business specific domain name or a domain name of your business name is a must. You should get a website and fill it with info about your business as well as your contact information. Shopping carts are an easy way for you to sell your products and or services online.   Business cards are good but remember most people find info online these days. Real Estate Investor Permit Starting Your Own Business Licenses & Tax ID Requirements Huntington Business License 25703 Real Estate Investor Business Plan Template West Virginia Business License Real Estate Investor Cabell County DBA Fictitious Business Name > >Get it Now! You can start your HUNTINGTON business with just $51010 or $54848 that depends on your budget. Starting your business in   HUNTINGTON CABELL HUNTINGTON, 25703 calls for some numbers: it has about 6059 residents, though only about 2682 families in this zip code area of the state of West Virginia. In addition, consider getting a(n) 304 telephone area code to increase reachability and and identifiability. Nevertheless, you will need a place to set up your business and a place to stay or you can also buy a house (about $43100 avergage value) , which you can use as a home based business as well. Your physical address in HUNTINGTON will be your business address. For Instance, your business address could be 5565 HUNTINGTON Hwy/Blvd or 55TH Street/Ave or HUNTINGTON, West Virginia 25703. You can use a 25703 P.O. Box address as your as your business mailing address. E.g. P.O Box 26436 HUNTINGTON,West Virginia 25703 . At any rate, in 282 area you have to consider the demographics before starting any type of business. Briefly, there are about 4848, caucasians, 71 latinos, and 1010 African Americans in the 25703 zipcode area. Another consideration is targeting your prospects income level to advertise for your new business. Each family here makes about $13551 per family and has about 2.47 persons per household. Considering weather conditions, take note that the elevation is 565 feet, and you are in 5 time zone. For example, you are reading this on 11/23/2024 2:40:26 AM CST. Real Estate Investor Real Estate Investor West Virginia > > Get it Now!

Chris 11/18/2024 9:24 PM : We are a property preservation company in the Cincinnati and Dayton Ohio areas Ohio  . Chris Ohio. atomickitn 11/18/2024 6:27 AM : I would like to know what I need to provide if I want to start a handyman business in the state of AZ Arizona  . atomickitn Arizona. Mike 11/18/2024 6:26 AM : I was just wondering what all it takes to have a food turck in oklahoma. Can you just set one up anywere or only certian places? could a preson go from small town to small town and just park and serve? Oklahoma  . Mike Oklahoma.

25703 Huntington Real Estate Investor

LLC (Limited Liability Company) FAQs: Q: Is setting up an LLC a better choice than filing a DBA? A: If the business market projection is a target fot the company you should consider forming an LLC. For example if the assumed business name is . deThomas Raytch , Inc.Co. this company name as well as any other business name must be filed with the clerk as a trade name registration and that requires a filing fee to be registered. A trade registration is requred but if the owner wants to use the business name exclusively he or she cannot because anyone else can also file the same trade name. Nor does the trade name registration protects the owner from personal legal or financial liability as forming a limited liability company (LLC) . Since registering an assumed business name does not protect anything and it requires a fee -- which is almost as high as setting up a limited liability company (LLC) fee -- it is better set up a limited liability company (LLC) for about the same fee and enjoy the protection of a corporate entity. So for example if an employee is injured on business premises the employee can sue you personally unless you are an limited liability company (LLC) in which case the employee can only sue the corporation. Note that once you incorporate no one can register the limited liability company (LLC) name at the state level. Q: What if I am a very small company? Do I need a limited liability company (LLC)? A: You do not need an LLC. However Q: Does an LLC without employees need a tax ID number? A: An LLC without employees may not need a tax ID number but an LLC with more than one owner does need one. In addition if the LLC is engaged in selling taxable items such as clothing it will need a sales state tax ID number in addition to any other tax ID. Q: Do I need a limited liability company (LLC) if I am a small business and sell my products or service solely over the internet? A: It is your choice to either be a sole proprietor of set up an LLC. Q: When do I have to change my limited liability company (LLC)? A: You may have to get a new tax ID number if your status as a business changes. For example if you change from sole owner to a partnership or from LLC to corporation as well as when you buy a new business you need to get a new tax ID under your business name or individual name. Q: Do I need to obtain a federal or state tax ID number before forming a limited liability company (LLC) or getting other licenses? A: Q: What are the benefits of havin a DUNS number? A: You can use it to your benefit by providing favorable business information to make it more likely to get a loan from a lender bank. Q: Do I need to pay sales tax to the state as an LLC? A: Paying sales tax depends on your state. For example in Oregon you dont need to pay sales tax but you still need a resale certificate to buy from other states wholesale products.

Ada Jimmy Monday, March 27, 2023 2:07:00 PM . Real Estate Investor Licenses And Permits Real Estate Investor Q:licenses I will need? In all seriousness, becoming a real estate agent can be an exciting and rewarding career path. As a real estate agent working for a broker or realtor, there are specific licenses and requirements that you need to meet to operate legally. Let me break it down for you: Real Estate License First and foremost, you'll need to obtain a real estate license to legally work as a real estate agent. This involves completing a pre-licensing course, passing a state exam, and meeting any other state-specific requirements. Each state has its own real estate licensing board, so be sure to check your state's specific requirements. Broker's License To become a broker, you'll need to have several years of experience as a licensed real estate agent and complete additional education requirements. If you're planning on eventually becoming a broker, you may want to consider working for a brokerage that provides mentorship and support for agents looking to move up. MLS Membership Most real estate agents work with Multiple Listing Services (MLS) to gain access to a comprehensive database of available properties. MLS memberships require payment of a fee and often have additional requirements, such as regular continuing education courses. Business Licenses As with any business, you'll need to obtain any necessary business licenses to operate as a real estate agent. This can include a general business license, tax registration, and other permits required by your local government. Insurance While not a license, it's important to mention that many brokerages require agents to carry Errors and Omissions (E&O) insurance. This can protect you from financial liability in the event of a lawsuit or other legal issues related to your work as an agent. Starting a career in real estate can be a rewarding experience, but it's important to make sure you have all the necessary licenses and insurance to operate legally. Best of luck to you in your career as a real estate agent! JimmyAda, Minnesota.

: More... I am trying to set up a small business selling crafts (homemade candles and related items). I would be sole proprietor. I live in Ohio, but will be renting a space in West Virginia to do business. What type of license would I need to obtain? West Virginia Crafts.   West Virginia.     : More... I am trying to set up a small business selling crafts (homemade candles and related items). I would be sole proprietor. I live in Ohio, but will be renting a space in West Virginia to do business. What type of license would I need to obtain? West Virginia Homemade Crafts.   West Virginia.     : More... Selling Newborn-12 years of age items for cheap prices. As in: Shoes, Clothing, Backpacks, Blankets, Diaper Bags, School Books and Supplies for grades head start-pre k. West Virginia Bargains.   West Virginia.

: More... Paramount Home Properties, LLC, investing in real property from home, with no employees do I need a business license South Dakota Real Estate Investor.   South Dakota. chris lopez 2/20/2014 10:41 AM : More... hi my name is Chris, i live in California los angeles county. can i file for a dba in Wyoming and what are the filling fees? California real estate investor. chris lopez California. chris lopez 2/20/2014 10:42 AM : More... hi my name is chris, i live in california los angeles county. can i file for a dba in whyoming? California real estate investor. chris lopez California.

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