Which business structure is not required to register with the Department of Business and Professional Regulation (DBPR)?

The joint venture is a specific business arrangement where two or more parties come together to work on a particular project or business activity. This type of structure is typically not required to register with the Department of Business and Professional Regulation (DBPR) because it may not operate as a separate legal entity; instead, it usually relies on the individual businesses involved to maintain their existing registration.

In contrast, a limited liability company, corporation, and brokerage partnership each create distinct legal entities that need to be recognized and regulated. These structures are required to register with the DBPR to comply with state regulations that govern their operations, licensing, and professional conduct.

Understanding this distinction helps clarify the regulatory landscape in real estate and the importance of proper business registration based on the chosen structure.