Expanding my business and bringing my daughter in

I am looking at bring my daughter in to my business. I could use advice, here is my plan.

Form a LLC with her as the owner at least 51%. I am currently with Keller Williams and will eventually get my Brokers license then go independent but I still want her to be able to take it over someday and in the meantime I want us to be able to be a minority owned company I think that will help expand my REO business.

E-mail me when people leave their comments –

You need to be a member of REO Pro Network to add comments!

Join REO Pro Network

Comments

  • I formed an LLC so my business is woman owned, and it helped... got a few new accounts since then. Good idea and good luck!
  • Check out the law in your state, in MD the broker has to be majority owner. You are on the right track and I wish you the best.
This reply was deleted.