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Updated over 5 years ago on . Most recent reply

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Danita Francis
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What is the Best Licensing Structure for Agent Investors?

Danita Francis
Posted

Hello,

I am getting my Missouri real estate license currently and am wondering what would be the best business structure (pros/cons). Once I get my agent salesperson license and am working under a broker, am I able to operate under the liability protection one of our current LLCs while also working under a broker as an Independent Contractor getting 1099s? What would be the pros/cons of opening an LLC exclusively for my real estate license? Or how does/could this work/does this ever happen/is it allowed/pros/cons? (I would primarily only be using the license to buy and sell our fix and flips so I can save on commission while also having a little more control over the process. Plus, I enjoy it. I may use it to help my sister on her fix and flips, also.) If there is a thread on this somewhere, I'd love to read it, just couldn't locate it. Thanks!

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