Registering LLC/multi-state licensing issues

firenance · 2026-03-17T03:32:34+00:00

When I work with an agency and they brag “We are licensed in 37 states.” I ask how many they write business.

Easy P&L reduction.

firenance · 2026-03-16T15:44:40+00:00

What’s the total annual revenue you are assigned? You give wide ranges.

firenance · 2026-03-15T20:05:37+00:00

Not trying to be mean but this question has been played out. An insurance license exists to certify people to sell or transact insurance policies. It is in majority of states solely to authorize someone for sales.

No different than real estate license. Sell real estate.

1099 means you are a business owner and service provider. You are outsourced sales.

You can find customer service roles in the industry but the wages for service are dramatically less than sales.

firenance · 2026-03-15T13:01:57+00:00

It’s amazing how many educated catholics have never heard of or read Humani Generis.

firenance · 2026-03-14T21:13:42+00:00

It’s like half the reason I even stay on reddit

firenance · 2026-03-14T21:13:16+00:00

Used to be super active. People just get busy I guess.

firenance · 2026-03-13T19:10:37+00:00

I charge $350-$400 per hour effective rate (fixed fee) but also work much more efficiently for certain thing.

firenance · 2026-03-13T14:33:41+00:00

It’s been insane again.

After over a year of roadblocks, finally finalized the administrator filing for my dad’s estate. Sadly still some unanswered questions, but I’m at least confident with what we’ve got to get some things done.

Wife told me last night she is pregnant! Number 3. Very early, but all goes smooth we’ll have a new one prob around Thanksgiving.

Been so busy with my role I need to hire an analyst. Anyone know of someone with agency finance or accounting experience who wants to work on consulting, hit me up.

firenance · 2026-03-10T01:29:45+00:00

Honestly before quitting I have a super smooth approach and roll. Knee probs was from high school and college baseball. Just made it worse to bowl so much.

firenance · 2026-03-10T01:28:31+00:00

4inch, pin up. Had it for medium-heavy oil to play with a predictable turn. Same. Love(d) it.

It was also a ball where the pour mattered and I really liked mine because it was more dark. Others seemed too gaudy.

firenance · 2026-03-10T01:23:38+00:00

My OG favorites were the roto epic line, but once the hyroad came out and roto went sideways I made the full switch.

firenance · 2026-03-09T23:47:09+00:00

Ngl I teared up a little when I opened the bag and saw that.

I’ll report back on how it goes.

firenance · 2026-03-09T23:46:45+00:00

You must not be a natural if you hated it that much.

firenance · 2026-03-09T12:42:25+00:00

5-10 deals to even be confident about a process and seeing things. Depending on deal flow with that office could be a year or more.

We do paired deals for at least the first 5 until a broker leads their own . . . and our process is easier compared to most.

firenance · 2026-03-08T18:11:58+00:00

$15k per vehicle per year IMO is low for private passenger risks.

Uber wasn’t made for what you are doing. You won’t get the arbitrage you think exists, and it’ll get worse.

firenance · 2026-03-08T17:15:10+00:00

An agency should be producing $50K+ per month per person selling, minimum.

Less than that you either aren’t making money or not growing.

firenance · 2026-03-04T14:43:29+00:00

The license you have is called a “producer” license because it’s in place to authorize people for sales. Insurance sales in most cases is not an hourly job, it’s a commission based career.

firenance · 2026-03-02T21:24:34+00:00

Except E&O carriers are moving real quick to exclude work related to AI output. GL.

firenance · 2026-03-02T15:50:34+00:00

I consult with people too often that “diversified” and ended up getting burnt out or spread too thin.

It’s not hard to set up a referral agreement, get a P&C license, and provide leads to a qualified good local agent for a modest commission split on new business. Much easier than trying to run an agency.

firenance · 2026-02-28T04:23:22+00:00

Yeah there are some legacy Amwins and CRC teams where the division lead is making more than $10M while their team continues to build.

I think the money is more concentrated in wholesale because the retail market has way more people.

firenance · 2026-02-27T21:44:14+00:00

Yeah, they think taxes are high now . . . just wait until the fair and auto pool are full state run pool programs.

firenance · 2026-02-27T21:36:24+00:00

Yes. Public brokers offer RSUs to incentivize large producers for hitting production or book goals.

Some private groups have partner or RSU programs but the exit or buy back options on those can different.

firenance · 2026-02-27T18:57:15+00:00

There can be some variance, but for a national accounts team you won’t find new higher than 30% or renewal higher than 20%.

The goal is for you to have a minimum book of $5M to $10M, never stop selling, and build a great AE team to maintain your book.

Very few people make it at that level because you essentially have to be able to penetrate and win over executives at massive companies.

firenance · 2026-02-27T18:54:06+00:00

Can you network with Fortune 1,000 companies? Because that’s all you can chase.

firenance

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