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First, this question is a legal question and we're not lawyers. That being said, the only possible reason to form an LLC is for tax bracket purposes. Because you are a licensed individual responsible for your advice and actions, there is no 'asset protection' available for your actions as an insurance agent - regardless of the line of insurance you sell. There may be other reasons to form an LLC or a corporation, such as if you hire employees (assistant, CSRs, etc). If employees were to sue you, you could be protected by having a business entity because such a suit would be separate from your actions as an insurance agent. Just my thoughts and not to be taken as legal advice.
I agree. I've done my own analysis, and there really isn't much difference or savings with the current tax brackets between being a sole proprietor and having a separate legal entity. Whatever you may save on taxes... will just get eaten up with the more complexity filing taxes for the legal entity and the state fees.
Sad but true........
There are other benefits to forming an LLC outside of a possible break on taxes though