In today’s competitive market, agents need every edge they can get to stay in the game. The RLTYco team dropped by the TRD office to tell us how their company helps agents take home more money and protect themselves from potential liability, giving them peace of mind so they can focus on closing deals.
“The point of launching RLTY Legal was to create a platform so agents could actually run their business soundly,” says Briggs Elwell, RLTYco Cofounder & CEO.
“Why pay more taxes than you need to?” asks Daniel Kennedy, RLTYco Cofounder & President and one of the pioneers behind RLTY Legal, a service that helps agents form an LLC. “Creating an LLC lets you separate out your business and your personal expenses to maximize your deductions.”
According to Katie Klein, RLTYco’s Head of Business Development, RLTY Legal makes gaining the financial and legal benefits of an LLC “easier and cheaper for real estate agents” thanks to RLTYco’s partnership with LegalZoom.
“Forming a legal entity does not have to be intimidating,” says Klein, who emphasizes that “having an LLC helps real estate agents run their business like a business.”
Having an LLC gives agents numerous advantages, including being able to “save money by not paying the self-employment tax” and shielding “your personal assets from your company,” says Eric Zollinger, Head of Sales for RLTYco.
Watch the video to learn more about RLTY Legal, and stay tuned for more videos from the RLTYco team.