Real Estate Team Entity Formation

[Christopher Dunson]

What is the best entity type/ structure for a real estate team. I am not sure the different benefits of an LLC C corp and S corp. I have heard most people do LLC, but most people are not growing a med sized business. Team will be growing and larger 25-100 people.

INcludes:

Buyer agents

ISA's

Assistants

Videographer/Marketer

Listing Agents

Team leads

CEO

Eventually Accounting

Thank you all very much for you insight.

[John Warren]

@Christopher Dunson I think the real question is, will your team have employees or not? Also, will your team be the same as the brokerage or will you have your team at a brokerage owned by someone else? The reason I mention this is that most teams don't really employ anyone as everyone works for the brokerage technically. For this reason, I think the goal here is probably more about tax efficiency and not asset protection. 

I am following this conversation as I have a small team here in Chicago!