PLLC or Not???

[Sophia Villebro]

This question has been tossing around in my head and thought maybe I could reach out and see what you guys think. 

As a newly licensed agent and aspiring investor - I have been contemplating on whether or not I should start a PLLC and open a business account and start putting money into that using it as a savings until I find a wothy investment(s). I cant do an LLC because I am under a broker.

Or maybe do something like an IUD contributing that, while also being able to cashout when needed and still continue getting the compound interest. 

Any advice or suggestions on this one?

[Account Closed]

Quote from @Sophia Villebro:

This question has been tossing around in my head and thought maybe I could reach out and see what you guys think. 

As a newly licensed agent and aspiring investor - I have been contemplating on whether or not I should start a PLLC and open a business account and start putting money into that using it as a savings until I find a wothy investment(s). I cant do an LLC because I am under a broker.

Or maybe do something like an IUD contributing that, while also being able to cashout when needed and still continue getting the compound interest. 

Any advice or suggestions on this one?

I'm not an agent so I don't understand why you are limited on doing a LLC, but you don't really need one until you have something to protect. If you visit Keytlaw.com you can get a lot of answers to those types of questions. And you might want to join AZREIA.org for local Maricopa County investors.