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Updated about 7 years ago, 10/15/2017

User Stats

61
Posts
8
Votes
Alik Levin
  • Investor
  • Woodinville, WA
8
Votes |
61
Posts

Real Estate agent licensed in WA, LLC licensed in another state

Alik Levin
  • Investor
  • Woodinville, WA
Posted

Dear all!

Looking for clarity on the situation where a Real Estate Agent licensed in one state but reports income as LLC in another state.

Key question, does the LLC need to register as a business in the state where Real Estate Agent licensed and operates?

My situation is this:

  1. My wife and I started a Real Estate Investing Business with layered LLC's structure.
  2. We operate in WA.
  3. Our holding LLC in another state.
  4. My wife became licensed Real Estate Agent in WA.
  5. We intend to report her earnings as Holding LLC's income incorporated in the state other than WA.
  6. My options as I see are:
    1. Report earnings to Holding LLC. Do I need to register it as a business in WA?
    2. Report earnings as sole proprietor. Not a huge fan at all.
    3. Incorporate child LLC in WA with Holding LLC as parent, and report earning to child LLC. I like it best but involves extra fees.

Thoughts?

Thank you!

-Alik