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Updated 4 months ago,
Wholesale/Referral Business Structure
Hello Everyone,
I along with 2 other buddies of mine created a multi-member LLC to wholesale and refer real estate to agents. We are in the process of hiring people and want some advice on structuring our new 1099 clients/ contractors/ employees for lead management, acquisition and disposition. When our affiliates are using the company for business cards, door knocking, managing leads, performing acquisition, or disposition with our company does the LLC provide them protection? Should they be using our name? Do we need to get workmen compensation or other liability insurance? They aren't W2 employees as we are commission based so, how much does the LLC provide them with protection? Does it at all? What would I have to do to get them protection? I have a meeting with a business lawyer this Friday but, just want any other feedback before the meeting for further clarification as well as advice that I am not thinking about. Thanks in advance!
Best,
GZ