To avoid reducing your lifetime exemption, you could gift equity incrementally, but this requires proper legal structuring (e.g., fractional ownership transfers).

Is there any legal action one can take or is it just a lost cause?

Really your advantage is using your legal prowess to better appraise future deals. 

Do I have to legally disclose to my boss that I will have my sales agent license and have a brokerage sponsor that is someone different outside the MF development company?

You can also find various contracts online, develop your own then have an attorney review it to ensure it has teeth, and is legal in your area.7.

I have never done this just thinking out loudNo legal advice.

Holding the new property until passing offers a step-up in basis, eliminating deferred taxes for heirs.

Which is better way to legally structure the properties for protecting assets against tenant lawsuits.

Hi @Heather Bailey something to consider with this is legal mother/daughter may not mean legal duplex. 

A licensed agent can do all the things a wholesaler can do, and is a proven business model where the same hustle that any successful wholesaler brings to the table can be rewarded 10-fold more, with little in the way of legal obstacles.