Legal Question in Real Estate Law in Texas
Another real estate agent and I are forming a "Team" where we share in all the responsibilities of a real estate agent in buying and selling and share equally in the profits. Do we need to form an LLC to do this or would another way be better.
Asked on 7/01/10, 2:05 pm
1 Answer from Attorneys
Cheryl Rivera Smith
The Smith Law Firm
There are several issues and you may want to review options with an attorney. There is a trend toward using LLCs, but keep in mind that there will be additional costs in administration and a separate tax return.
Answered on 7/03/10, 5:09 am
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