Husband and Wife Agent Team Business

[Johnathan Williams]

I am halfway finished with RE Agent licensing courses here in Texas, and should pass the state/national exam in January. My wife is going to go in January to do the same. Our plan is obviously to work together.

For any other husband/wife teams, what are you're ideas, suggestions, etc on how to set up our business to be ran and for the best tax implications. LLC, S Corp, stay as sole proprietors, DBA, etc.

Thanks so much and looking for to any help given!

[Abel Curiel]

Originally posted by @Johnathan Williams:

I am halfway finished with RE Agent licensing courses here in Texas, and should pass the state/national exam in January. My wife is going to go in January to do the same. Our plan is obviously to work together.

For any other husband/wife teams, what are you're ideas, suggestions, etc on how to set up our business to be ran and for the best tax implications. LLC, S Corp, stay as sole proprietors, DBA, etc.

Thanks so much and looking for to any help given!

Hey Jonathan,

This is great to hear! I know you and your wife will crush the exams and crush it in RE as well. Husband/wife teams do very well in my market.

Many of my colleagues have LLCs which is the same thing my CPA recommended. Once your team grows and you begin to hire W-2 employees, you may then want to inquire about other options.

Best of luck to you and your wife on your journey!

Abel