I have two questions that I hope someone can help with.

I am thinking of starting a property management company in California and I don't know exactly what licenses are required. From my understanding, you either have to be a Certified Property Manager OR a Real Estate Broker. While I am neither, I have a partner who is a licensed broker that wants to partner with me and start the management company. By having one of the two principal owners licensed, does that make us (as in both owners) a legitimate company?

What type of insurance do I need to get? There are currently no employees. Just us two.

Any help would be greatly appreciated!