St. Louis Corporation Real Estate Attorney
The Missouri Real Estate Commission (MREC) does not allow a real estate agent whose license is held by a broker to form a limited liability company (LLC) to protect himself or herself from liability. However, it will let an agent form a professional corporation or PC.
A Missouri PC also allows for the subchapter S tax election, meaning the income tax liability will pass through to the individual agent, similar to an LLC that is “tax transparent.” Without the S election, a professional corporation would be taxed at the corporate level and at the owner level.
Contact Our St. Louis Corporation Real Estate Attorneys Today
Our experienced team is ready to assist. Call us today at (314) 276-1318 for an initial consultation. You may also reach our team online.