Can I write my own contract? Yes, you can write your own contract. However, including all necessary elements is crucial to make it legally binding.
The wholesalers can be classified into three types: Merchant Wholesalers. These are the most popular wholesalers used in the private label, FMCG, and agricultural industries. Full-Service Merchant Wholesalers. Full-Service Wholesalers are also known as Full-function Wholesalers. Limited-Service Merchant Wholesalers.
While it's not strictly required, creating an LLC can bring significant perks to your wholesaling venture. For starters, it shields your personal assets from any business-related debts or legal troubles.
The wholesaler contracts with the seller and structures the deal as a middleman. The buyer is buying the contract and, ultimately, the property.