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Aladdin Al Katheri, Better and Better Everyday (Bull Realty)

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5,230,119
Debe Maxwell, CRS
Savvy + Company (704) 491-3310 - Charlotte, NC
The RIGHT CHARLOTTE REALTOR!

I would definitely seek the assistance of a CPA or tax attorney who specialize in real estate. 

Good luck!

Feb 15, 2019 02:12 PM
Ambassador
3,345,091
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services

Talk to an attorney and/or tax professional. 

Feb 15, 2019 05:48 PM
Rainmaker
1,502,998
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

The only state laws you'll need to know are all of them!  As to the rest, I suggest getting a competent business attorney and business CPA in a room together to hash it all out.

Feb 15, 2019 05:35 PM
Ambassador
2,178,603
Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Prop. Mgr, Wenatchee, WA

This is a discussion to have with your tax accountant.

Feb 15, 2019 02:04 PM
Rainmaker
2,220,654
Anthony Acosta - ALLATLANTAcondos.com
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

That's a great question for a CPA & real estate attorney.  Good luck to you.

Feb 15, 2019 04:34 PM
Ambassador
6,393,609
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

You may need an above average Lawyer and Account to help with this.

Feb 15, 2019 03:04 PM
Rainmaker
5,772,575
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

I agree with both Carol Williams and Richie Alan Naggar .  Each state in the union varies on its regulations both of corporations and licensing.  Good luck, and all the best to you.  A

Feb 15, 2019 02:11 PM
Rainmaker
2,781,173
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Aladdin ...you need help from the magic lamp here...Corp in one state may not fly in another and taxes are complex matters with dire consequences too

Feb 15, 2019 01:53 PM
Rainmaker
1,374,473
Joyce Marsh
Joyce Marsh Real Estate LLC - Daytona Beach, FL
Joyce Marsh Homes

Important business decisions such as these, should be discussed with your professional financial advisors, attorneys etc. 

Feb 15, 2019 10:08 PM
Rainer
427,267
J.R. Schloemer
Kentucky Select Properties - Louisville, KY

You need a great CPA & attorney to best guide you on how to setup your business. 

Feb 15, 2019 08:28 PM
Rainmaker
969,888
Frank Rubi
Frank Rubi Real Estate, LLC - Metairie, LA
FrankRubiRealEstate.com

get legal involved that is what I did. 

Feb 15, 2019 03:45 PM
Rainmaker
5,583,278
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

those are legal questions and need to be asked to an attorney and a CPA...

Feb 15, 2019 03:12 PM
Rainmaker
1,844,301
Lyn Sims
Schaumburg, IL
Real Estate Broker Retired

Don't forget you might need a business license in each state.

I am an LLC that's all I want to discuss.

Feb 15, 2019 02:43 PM
Rainmaker
1,197,272
Peter Mohylsky, Beach Expert
PMI. Destin - Miramar Beach, FL
Call me at 850-517-7098

Wrong forum for that question. 

Feb 15, 2019 02:13 PM
Rainmaker
1,196,798
Doug Dawes
Keller Williams Evolution - 447 Boston Street, Suite #5, Topsfield, MA - Topsfield, MA
Your Personal Realtor®

That one would be better to ask an attorney familiar with those laws as I'm not sure.

Feb 16, 2019 07:12 AM
Rainmaker
921,504
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

Sorry. You will need to spend a few dollars to consult with the experts (attorneys AND accountants) to determine the structure that best meets your situation.

Their big question will be, will their EVER be subordinate agents within the brokerage.

If the answer is NO, you may have options that are BETTER than being a broker in multiple states. Your business model and the advise of the experts will be more actionable than AR answers.

Feb 16, 2019 06:36 AM
Rainmaker
931,002
Chuck Willman
Chuck Willman - Alpine, UT
NewHouseUtah.com

This is a question best suited for an attorney or certified financial advisor.

Feb 16, 2019 05:54 AM
Rainmaker
3,416,038
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

I would do separate LLC's in each state. Protect, protect, protect

Feb 16, 2019 05:31 AM
Rainmaker
716,049
Richard Bazinet /MBA, CRS, ABR
West USA Realty - Scottsdale, AZ
Phoenix Scottsdale. Sellers, Buyers & Relocations

You'll need to hire both a tax attorney and a CPA specialized in your unique situation.

Feb 16, 2019 04:48 AM
Rainmaker
4,883,242
Richard Weeks
Dallas, TX
REALTOR®, Broker

Sorry, I have no idea.

Feb 16, 2019 04:00 AM
Rainmaker
1,035,056
Elyse Berman, PA
LoKation Real Estate - Boca Raton, FL
Boca Raton FL (561) 716-7824

Each state may be different.  I would talk to your CPA who can advise you as to the laws regarding this.

Feb 16, 2019 03:57 AM
Rainmaker
5,104,931
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

I can't advise nor opine on these questions. I'm not a tax lawyer, I'm not a financial advisor, I'm not a tax accountant. You need to bring those questions to the appropriate professionals in your state(s).

Feb 16, 2019 03:55 AM
Rainmaker
7,836,425
Roy Kelley
Retired - Gaithersburg, MD

Just operate in your own name and meet the licensing requirements. Carry insurance that will protect you and your operations.

Feb 15, 2019 04:08 PM
Rainmaker
5,216,765
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

You need the assistance of an attorney and CPA to consider your options. State laws vary as to what entities can be licensed.

Feb 15, 2019 03:43 PM
Rainmaker
1,712,676
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

I am not a CPA or an attorney but the choice of entity is solely yours and your advosors decision. Regardless of states we are a Sub S.

Feb 15, 2019 02:41 PM
Rainmaker
1,311,397
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

You need better and more detailed advice than you can get here to answer your question fully. CPA, attorney, tax adviser come to mind.

Feb 16, 2019 09:01 AM
Rainmaker
4,800,082
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

I would seek the advice of an accountant and an attorney.

Feb 16, 2019 07:54 AM
Rainmaker
1,239,901
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

YOu need multiple broker licenses.

Feb 15, 2019 06:56 PM
Rainmaker
4,434,127
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Talk to an attorney.

Feb 15, 2019 03:17 PM
Rainmaker
5,868,565
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

I would recommend a good CPA.

Feb 20, 2019 06:35 AM
Rainmaker
900,128
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

First, you need multiple real estate broker licenses, one for each state where you want to do business. Believe the only legal entity you need is one, has to be in your home state. You should check with your local accountant or lawyer and then may need to check with each individual state. Just FYI, for referral business all you need is a license from your home state.

Feb 18, 2019 01:51 PM
Rainmaker
1,725,996
Sandy Padula & Norm Padula, JD, GRI
HomeSmart Realty West & Florida Realty Investments - , CA
Presence, Persistence & Perseverance

Check with the Secretary of State or Division of Corporations. You may also check with your CPA as that person will need to cover you with the proper tax filings

Feb 17, 2019 10:41 AM
Rainmaker
4,936,716
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Will have to see what others have to say!

Feb 17, 2019 08:32 AM