Sole Proprietor vs LLC

[Latoya Beckford]

Are there any RE agents whose long-term goal isn’t to remain an agent and/or own their own brokerage and have been successful operating as a sole proprietor?

If so, what steps did you take to separate your business from personal, increase your tax options, and limit your liability in the event of a lawsuit without going the LLC route?

I’m a new agent and I don’t want to hop on the LLC bandwagon if it doesn’t make financial sense at this point in my career.

The plan is to use my career as a vehicle to invest in real estate. So I’m looking to structure my real estate business as a business from the start but not waste money operating as an LLC especially since doing business in California is so costly.

TIA!