Do you have an LLC for your Real Estate Agent business?

[Corey Duran]

I have been an agent for about 6 years and do not have an LLC for this specific stream of income. I have lately been seeing this come up a lot lately from other agents. Would you recommend I do the same? Should I have an attorney form this for me? I was told it would be around $500 which sounds a bit pricey to me as I believe I know how to register an LLC in OH where I am located. However, if specific things need to be put in my articles I would rather it be done right. I am going to be the only member.

[Eudith Vacio]

Hey @Corey Duran, most definitely recommend forming an LLC for your real estate business especially if you are making more than $100k a year. It's relatively easy to set-up, here in IL it costs around $150 to create on the Secretary of State website.

You can most likely ask another agent for a copy of the articles of incorporation, it’s not complicated if it’s just you. 

Goodluck 🙌🏼🙌🏼🙌🏼