LLC for real estate agents

Agents often want an LLC to receive commissions and separate their business from their personal money. Whether that works depends on your state and your broker.

Ask these first

Your license normally has to stay with your broker. Some states let a commission go to an LLC and some don't, and a few need a specific entity type for licensed work. Your broker and your state's real estate commission can tell you which applies.

What an LLC doesn't cover

An LLC doesn't shield you from your own professional mistakes. That's what errors and omissions insurance is for.

Questions

Should an agent be an S-Corp?

Some are, once income is high enough to justify payroll and extra filings. An accountant can run the numbers for you. We can file the S-Corp election once your LLC exists.

We're not a law firm or a tax adviser. This is general information, not advice for your situation.

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