Anyone have an LLC receiving commissions (life & health) with a non-licensed owner?

[T in CA]

I am in CA and in the process of setting up an LLC to be my insurance agency. I am licensed and will license the corporation. I will have 2 investors, 1 licensed and one not. The structure likely will be the new LLC with me as an owner and then the two other partners owning their share through their own corporations/LLCs. I haven't found anything that seems to indicate a problem with this structure, but I want to be certain.

Thanks!
T in CA

 

[DHK]

Sounds right to me. It's one of the only ways that you can legally share commission revenues with non-licensed individuals, such as attorneys and CPAs through strategic alliances.

Of course, technically this is a legal question and this is not legal advice.

 

[T in CA]

Thanks. Much appreciated.