Can a realtor form a PLLC in Arizona?

There is only one profession in Arizona that requires it’s licensed professionals to form a professional limited liability company and that is real estate sales agents. Realtors do not have to form a PLLC unless they want their broker to pay them as an entity rather than as an individual.

Do you need a LLC to be a real estate agent?

For a real estate agent, setting up an LLC is a key step in forming your real estate business. The majority of real estate agents work as self-employed, independent contractors, and even those agents who work for brokerages tend to do so in that capacity, filing 1099 forms for their tax returns.

Can a professional limited liability company ( PLLC ) be formed?

In these states, licensed professionals who want the benefits of an LLC must form a PLLC instead. Most states that don’t allow professionals to form regular LLCs do allow professionals to form PLLCs, with the notable exception of California.

How to create a professional group ( PC / PLLC )?

To apply for a PC/PLLC with ADRE complete the Professional Corporation (PC) or a Professional Limited Liability Corporation (PLLC) License Instructions and Application form (LI-231). Make sure that you or any professional assisting you follows the ADRE guidelines and instructions. Click Here for LI-231 Form

What is a LLC for a real estate agent?

LLC for real estate agents refers to the types of LLCs real estate agents can use to conduct their business and it provides businesses protection.3 min read 1. The LLC for Real Estate Agents 2. Advantages LLCs Give Real Estate Agents 3. Other Considerations After Forming an LLC

What do you need to know about forming a PLLC?

Often a business will be required to provide licensing proof for every member of the PLLC. The separation between the member and the entity is one of the main reasons to form a PLLC or an LLC. An individual member will not be liable personally for the business’ debts or any judgments against the business.

Can a PLLC be registered as a LLC in California?

Additionally, in California, LLCs cannot offer the services of licensed or certified professionals. If you want to form a PLLC, the most important thing you can do is to learn the specific filing requirements.