New real estate agent: Business naming and tax structure advice needed

Hey everyone! I’m just starting out as a real estate agent and I’m thinking about focusing on digital marketing. I’ve got a couple of questions I hope you can help me with:

  1. Do I need to include words like ‘realty’ or ‘real estate’ in my Instagram handle or company name? I want people to know I’m in the real estate business, but I’m not sure if it’s necessary.

  2. I’m trying to decide between setting up an LLC or working as an independent contractor. What are the tax advantages and disadvantages of each option?

I’d really appreciate any insights or experiences you can share. Thanks in advance for your help!

Welcome to the world of real estate! Having been in the business for a while, I can offer some perspective. Including ‘realty’ or ‘real estate’ in your handle isn’t strictly necessary, but it can help with clarity and searchability. As for business structure, I started as an independent contractor for simplicity, but eventually switched to an LLC for liability protection and tax flexibility. It’s worth noting that the right choice depends on your specific situation and long-term goals. I’d strongly recommend consulting with a tax professional who specializes in real estate to get tailored advice. They can help you navigate the complexities and make the best decision for your unique circumstances.

hey, congrats on the new start. not sure you need ‘realty’ though using it might help. an llc gives more protection but adds a bit of paperwork, while independent is simpler. maybe chat with an accoutant for advice?

Hey there! Digital marketing’s a great angle. Have you thought about blending real estate terms with catchy digital lingo for your handle? Might set you apart! As for the business structure, what’s your risk tolerance like? Curious how you’re planning to grow your biz in the next few years?