Property Management and Broker's Role

[Bruce Scannell]

I know there's multiple other discussions about this topic, but I think this is a bit different and more specific.

A partner and I have a combined 30 properties in Michigan that we self manage and we're looking to start a property management company, but neither of us are a broker. In Michigan, you need to have a broker's license to be a property manager. We have another potential partner who is a broker, but doesn't necessarily want to be part of the management company. Does anyone on here know how we can use this person's license and make it a win win for everyone and still be legal by MI real estate laws? Do they need to be part of the property management LLC? If so, can we make them a passive member who doesn't need to be involved in the day to day operations? On a more basic level, does their license need to reflect our company name or can we just involve them personally and their license comes with them?

Thanks in advance and let me know if I'm asking these questions incorrectly.

Bruce