Real Estate Brokerage & LLC
I am a full time real estate investor with 2 other partners (unlicensed) other then myself. I am starting a Real Estate brokerage which my 2 partners will be a part of (equally). Now, from what I had researched in Connecticut, the person holding the Broker license has to hold over 51% ownership of the Entity - is there any way around this? Is it OK that I hold the brokers license as 51% or does the entity need to hold the license? If 51% ownership of LLC needs to be held by myself (person holding brokers license), is it still possible for "back end ownership" to be held as an equal 33.3% ownership amongst the 3 partners (would this be considered the stock interest rather then % of ownership)?
Any insight would be much appreciated! Cant find this information anywhere online!