LifeIn403b
Expert
- 39
If you have sub agents in other states, do you have to be incorporated in each of those states you hold licenses and do business in? This may have been asked before but I couldn't find it anywhere on the forum....
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If you want to get overrides from those sales, yes.
E&O coverage too.
Is there a single company out there that will handle all this for you??
One thing I have been meaning to ask my accountant about is this.
From the way I understand it, when I do incorporate, I can deposit my checks into the corporate account even if I'm not set up as a corporation. So if I get a check with my name on it, I just deposit into corporate account.
Any thoughts on this? The reason why I ask is because like so many other things in our world (realm of insurance career) things can be different from other occupations.