How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask Dimitry K., Esq. Your Own Question
Dimitry K., Esq.
Dimitry K., Esq., Attorney
Category: Business Law
Satisfied Customers: 1611
Experience:  Run my own successful business/contract law practice.
Type Your Business Law Question Here...
Dimitry K., Esq. is online now
A new question is answered every 9 seconds

I'm in a process of starting an Internet Auction Listing

Customer Question

Hi I'm in a process of starting an Internet Auction Listing Service in Illinois and have some questions.
My understanding is that to start an internet auction listing service I'll need to file an application with the state prior to any other steps. If approved it gives me the right to auction personal goods and services online. If I want to auction a real estate I'll need to have a valid Realtor license as well.
Will a regular broker license be enough to run this service even under a patronage of a managing broker or I'll need to be a managing broker myself?
What is the difference if I want to run the service as a LLC? Will there be additional requirements to the other partners in regards ***** *****?
Submitted: 9 days ago.
Category: Business Law
Expert:  INFOLAWYER replied 9 days ago.

Hello and welcome. I am working on your answer and will be right back!

Expert:  INFOLAWYER replied 9 days ago.

A real estate license is enough. The LLC is a good idea to protect you personally. As long as you are licensed, you are all set.