What We Offer
Discover our comprehensive range of real estate & property services
Texas LLC Formation for Wholesalers
We guide aspiring Texas wholesalers through the complete process of forming a properly structured LLC. This includes filing your Certificate of Formation with the Texas Secretary of State, obtaining your Federal EIN, drafting an operating agreement, and registering for a Texas Sales and Use Tax Permit if your business requires one. A properly formed LLC separates your personal assets from business liabilities, provides credibility with sellers and title companies, and enables you to open a dedicated business bank account for clean financial tracking.
Texas Wholesale Licensing Guidance
Texas SB 2212 governs how wholesalers may legally operate without a real estate license. We explain the precise requirements: you must have a signed purchase agreement before marketing any property, must disclose that you are acting as a principal and not an agent, and must limit your marketing to the property address only. We review your marketing materials and contracts to ensure full compliance with TREC regulations, helping you avoid cease-and-desist orders or investigations that can end your wholesaling business before it starts.
Texas Business Tax Planning
Texas has no state income tax, which is a significant advantage for wholesalers compared to most other states. However, Texas does impose a Franchise Tax on entities with more than $1.23 million in gross revenue. We help you understand your annual filing obligations including the Texas Public Information Report due every May 15, the Franchise Tax no-tax-due report, and federal self-employment tax strategies. For businesses generating over $80,000 in net annual income, we explain the S-Corp election process and the substantial self-employment tax savings it can provide.
Wholesale Contract Templates
We provide Texas-specific wholesale contract templates reviewed by a real estate attorney, including a Purchase and Sale Agreement with full assignment rights language, an Assignment of Contract Agreement, an earnest money receipt template, and an inspection contingency addendum. These documents are designed to protect your legal position throughout the wholesale transaction while remaining acceptable to Texas title companies. We also provide a seller disclosure template that satisfies Texas Property Code requirements for material defects disclosure.
Business Banking & Financial Setup
A professional wholesale business requires proper financial infrastructure from day one. We advise on opening a dedicated business checking account (and which Texas banks are most small-business-friendly), setting up bookkeeping in QuickBooks or similar software, creating a chart of accounts specific to wholesale real estate transactions, and establishing a system for tracking deductible expenses including marketing, software, vehicle mileage, and professional services. Proper financial setup ensures you are prepared for tax season, eligible for business credit, and able to demonstrate financial credibility to partners and lenders.
Business Insurance for Texas Wholesalers
While wholesalers who never own property have limited insurance needs compared to landlords or flippers, certain coverages are important. General liability insurance ($500–$1,500 annually) protects you if a visitor is injured during a property showing. An errors and omissions policy covers claims that your professional advice caused financial harm to a buyer or seller. As your business scales, a business owner's policy (BOP) bundles multiple coverages at reduced cost. We help you assess what coverage levels are appropriate for your deal volume and business activities.