Can real estate commissions be paid to an LLC in Florida?
Fees and commissions earned from a real estate transaction may only be paid to a licensed salesperson or broker. As such, any payments to an unlicensed LLC (or other unlicensed entity) are impermissible.
Can an S Corp have passive income?
The IRS therefore restricts an S Corporation from generating more than 25% of its gross receipts from passive income in any given year. If the business happens to make more than 25% of its earnings from passive income, the excess is taxed at the highest corporate income rate.
Can a real estate agent form an LLC in Texas?
Answer: Yes, a sales agent can own his or her own business entity. The entity must, if it engages in real estate brokerage, hold a separate license.