Hello, I was talking with someone the other day on tour about tax stuff and he mentioned he was incorporated..is there much benefit as just an agent to being Incorporated? I know I can write of some stuff now I just cant see being able to do much more unless I owned the company or made a big 6 figure income. Thanks, John.

if you are under a broker, you might have to check with them and their attorney to see if they will allow you to incoporate under their agency.

thats just like an employee at burger king wanting to incorporate so they can get better benefits in my opinion.

let us know what you find out.

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Charlotte House Buyers/Stop Foreclosure Specialist/Sell your Charlotte House
Sell Charlotte House l Charlotte Real Estate l Charlotte Wholesale Properties
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We buy houses in Charlotte, North Carolina and surrounding areas. Stop foreclosure in Charlotte, NC fast & easy by selling your house to us, guaranteed offers in hours. Charlottes Foreclosure Expert, helping homeowners behind on payments.

Well I am not an "Employee" I am an independant contractor under my broker. It is a bit different then working for BK.

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Sunnyvale Real Estate
Santa Clara Real Estate
Cupertino Real Estate

Yes, I am the same, I dont "work" for the broker I am an independent, but I also work under his broker license??, I dont know

i guess i used a bad example, but what i mean is you are working for them in a sense. You can be independent, but before you go outside the box, it is my understanding that you have to run things by your broker attorneys.

even if you license a company under your broker, your company just becomes the licensee of the broker and not you. it just seems like it would be the same.

are you paying a percentage of your commissions to your broker on a sliding scale or are you paying a flat fee?

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Charlotte House Buyers/Stop Foreclosure Specialist/Sell your Charlotte House
Sell Charlotte House l Charlotte Real Estate l Charlotte Wholesale Properties
Great site i want to rank #1 for at least 10 keywords.
We buy houses in Charlotte, North Carolina and surrounding areas. Stop foreclosure in Charlotte, NC fast & easy by selling your house to us, guaranteed offers in hours. Charlottes Foreclosure Expert, helping homeowners behind on payments.

for me its a set split for commissions, i small amount comes out for e+o ins. other than that theres nothing, no desk or office fees, they pay all advertising, and do some bulk mailings for me, other than that its me, i am not looking to start my own real estate company but this guy said he inc,ed himself and does well by taxes and such, i wont see him till next week to find out more..

It will vary state to state what you can and cannot do with relation to your real estate license and incorporating. There can be some substantial tax savings by incorporating, but you need to make sure you are doing enough volume to justify the cost of establishing and maintaining you corporation,LLC, or PA.

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Mike Taylor
Indianapolis Real Estate | Carmel Real Estate |My REW Blog

I think you need to be doing a pretty good level of business before incorporating makes sense but once you are say at $100,000 level of commissions you should definitely incorporate. You can pay yourself a salary and avoid a lot of self employment taxes. It also make the line much clearer for business expenses vs. personal expenses.

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Wayne Long
Search all the Columbus Ga Homes for Sale listed in the Columbus MLS
as well as Fort Benning Real Estate and area info.
Check out the Columbus GA Real Estate and area info.

Many ways to go on this, liability and taxes are big issues and no 2 of us are alike.

I would suggest you spend a couple of bucks and see a tax advisor rather then an attorney, take everything you have and ask them what your best options are.

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Don Price REALTOR®
Advanced Real Estate Services & Staging
Pinehurst, North Carolina

Pinehurst Real Estate . . . Pinehurst Home Inspector . . . Pinehurst Real Estate News blog

Glad to see this post as I wanted to learn about and possibly incorporate this year.

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Michael Trinchitella
Associate Real Estate Broker
e-PRO certified Internet Expert
RE/Max Classic Realty - Yorktown Heights, NY
Putnam & Westchester County NY Real Estate

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