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Updated about 7 years ago, 10/15/2017
Real Estate agent licensed in WA, LLC licensed in another state
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:
- My wife and I started a Real Estate Investing Business with layered LLC's structure.
- We operate in WA.
- Our holding LLC in another state.
- My wife became licensed Real Estate Agent in WA.
- We intend to report her earnings as Holding LLC's income incorporated in the state other than WA.
- My options as I see are:
- Report earnings to Holding LLC. Do I need to register it as a business in WA?
- Report earnings as sole proprietor. Not a huge fan at all.
- 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