FE on Payroll Decduction
- Thread starter rousemark
- Start date
- 1,912
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If you are contracted with carriers as a business entity, you will need business entity non res licenses in each state along with a producer non res license. Furthermore, certain states require you register with their SOS before their DOI will issue a business entity non res license.
- 6,142
Not sure your situation, but if a non resident license fee that is usually around $50 is a problem, you are not ready to start a business. Might want to get a job and save the money up. So many agents fail because they get told they can start broke and be making $100k in no time!
- 15,041
No one is going to pay your license fee for you.
Getting licensed in all 50 states will take a few thousand the last time I looked. Instead of adding every state at once you may want to add in batches.
Appreciate the responses. I have already gone the batch route for the three states near me. Just was poking around to ask as it never hurts to see if a loophole exists.
Regarding the 100K part the first year. When you enter the industry you get a lot of that fluff but I'm a realist. However, the desire and willingness to do whatever it takes I have no doubt that I will be successful in a short period of time.
Regarding the 100K part the first year. When you enter the industry you get a lot of that fluff but I'm a realist. However, the desire and willingness to do whatever it takes I have no doubt that I will be successful in a short period of time.
