What is the name of your state?What is the name of your state? Texas
I am a licensed real estate agent in Texas and would like to form an LLC for tax and personal liability purposes. However, I have gotten conflicting advice from different CPA's. One of them has told me that I cannot form an LLC since Texas seperates licensed sales agents from licensed brokers and I am not a broker. The other has told me that it doesn't matter and I can form an LLC without a problem. Anyone know of Texas laws that apply here?
I am a licensed real estate agent in Texas and would like to form an LLC for tax and personal liability purposes. However, I have gotten conflicting advice from different CPA's. One of them has told me that I cannot form an LLC since Texas seperates licensed sales agents from licensed brokers and I am not a broker. The other has told me that it doesn't matter and I can form an LLC without a problem. Anyone know of Texas laws that apply here?