Questions

Can a business entity own an Allstate agency in Michigan?

I'm partnering with a licensed insurance agent to open an Allstate agency in Michigan in the second half of this year. I am not, nor plan on getting licensed. I'm investing the $75K+ required by Allstate to startup the agency. Can a separate business entity own the agency? What are my options? Thanks in advance!

3answers

You need to Look At Allstate's Contract that is a question for them a business can own a business look at Terminix they own 23 other companys


Answered 9 years ago

I'm not sure why you would front all the $ and have someone else the one who earns the commission. The producer (licensed agent) has all the leverage.
What is the $75k buying? An existing book?


Answered 9 years ago

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Answered 9 years ago

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