Business Planning

Each property should live in its own entity. Mixing transactions across LLCs breaks liability protection and confuses reporting. Best Practices Use separate bank accounts per entity. Avoid intermingling personal funds. Record intercompany loans transparently. Why It Matters:  Clean entities protect your assets, simplify taxes, and maintain lender confidence. ⚠️ This blog is for informational purposes only. It may not apply to your specific situation. Please consult your CPA.

Many agents operate as sole proprietors, but forming an LLC or electing S-Corp status can improve both liability protection and tax efficiency. LLC Advantages: Limited liability and professional legitimacy. Simpler setup and flexible ownership. S-Corp Advantages: Ability to pay yourself a reasonable salary while taking the rest as distributions. Reduces self-employment tax on a portion of income. When to Consider: Consistent annual net income above $75,000. Desire to separate