Represent clients and customers to purchase or sell real estate in Manhattan (New York City). Typical standard broker / real estate salesperson licensing laws apply; therefore agency/agent relationship should be carefully expressed and agree to by clients / customers. We choose a Limited Liability Company due the potential risk exposures, including but not limited to, licensing laws, property values, agency relations and the possible product (real estate) exposures.
Other business types taken into consideration:
• C-Corp: business entity would be standalone and fully exposed at risk.
• Partnership: All partners as a whole would be exposed at the risk.
I need to compare to sole proprietorship, franchise, partnership, corporation and joint venture