Forming LLC w/o a Brokers license?

[Andrew Moore]

I am a Real Estate Agent here in Grand Rapids, Michigan, and I am looking to run my real estate business through an LLC to take advantage of some tax savings. The people who I am talking to are saying I need to wait to obtain a brokers license before I can hold my license in the name of an LLC. Is there anyone that could give me some insight as to how I might be able to be create a tax efficient structure w/o a brokers license to form an LLC?

[Emily B.]

If you aren't a broker, you can't hang your license with your own LLC, until that LLC has a broker's license. That's more the issue I see as to why people would say that. Hanging with an LLC isn't an issue, it's whether the LLC is licensed or not.