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Old 07-27-2014, 12:02 AM
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Multi-member LLC/Partnership for real estate brokerage...


I have started a multi-member LLC partnership for a real estate company. All of the partners are real estate agents. Normally, real estate agents are considered independent contractors. So, I am very confused how we should treat some of the transactions.

As far as commission income is concerned, can the partners be paid for their commissions and then receive a 1099? Just like if they would if didn't own the LLC, or do the commissions have to be considered guaranteed payments? Or am I completely off-base and something else should happen?

The partners will have expenses such as dues, auto, cell, etc that won't be paid by the partnership that they will need to deduct. Can they still file a Sch C for their commissions and expenses separate from the partnership? Or do these expenses need to be treated as unreimbursed partner expenses on the Sch E?

So I guess I am really trying to figure out if the partners can still be independent contractors for the purposes of their commissions and personal expenses?


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