California Professional Corporations
RECENT ARTICLES
Bulletproof Your Practice: Why Every California Lawyer Needs a Professional Corporation
October 19, 2024 11:10 pm by LawInc Staff
Running a solo law practice or small firm in California comes with unique risks and challenges. Forming a professional corporation can provide critical asset protection, tax benefits, and other advantages...
The Ultimate Guide to Forming a California Physical Therapy Corporation: Benefits, Requirements, and Pitfalls
September 10, 2024 11:09 am by LawInc Staff
Incorporating a physical therapy practice in California provides various advantages, including shielding personal assets and optimizing taxes. However, ensuring compliance with the state’s complex legal framework demands meticulous strategizing and...
California Professional Corporations Demystified: A Clear Road Map for Smart Practitioners
September 02, 2024 08:09 pm by LawInc Staff
If you’re a licensed professional in California considering your business entity options, a professional corporation (PC) might be the ideal choice. PCs offer liability protection, tax advantages, and a formal...
California Professional Law Corporation Tax Strategies: S-Corp vs. C-Corp and Beyond
August 28, 2024 04:08 pm by Zach Javdan
Selecting your California law practice’s business entity impacts taxation significantly While most small firms operate as sole proprietorships or partnerships, those seeking liability protection and tax advantages often opt to...
Forming a Professional Marriage and Family Therapy (MFT) Corporation in California: A Step-by-Step Guide
August 27, 2024 01:08 pm by Zach Javdan
Forming a professional corporation can offer licensed marriage and family therapists (MFTs) in California various benefits, from personal liability protection to tax advantages. But navigating the legal requirements and logistics...
California Professional Dental Corporation Formation: Step-by-Step Strategies for Dentists and Orthodontists
August 23, 2024 04:08 pm by Zach Javdan
Forming a professional dental corporation offers California dentists and orthodontists significant liability protections and potential tax advantages. However, incorporation involves crucial legal compliance steps to ensure your entity is properly...
California Licensed Clinical Social Worker Corporation Ownership: Understanding the 51% Rule and Permitted Shareholders
August 18, 2024 05:08 pm by LawInc Staff
California has specific regulations governing the ownership of professional corporations providing clinical social work services. The state’s “51% rule” mandates that licensed clinical social workers (LCSWs) maintain majority ownership and...
Starting a Law Practice in California? 10 Essential Legal Steps to Protect Yourself and Your Firm
May 26, 2024 11:05 am by LawInc Staff
Starting a legal practice proves both exhilarating and daunting. Meticulous planning, regulatory compliance and risk management strategies position new firms for sustainable success. This guide breaks down key legal requirements and...
How to Form a California Professional Corporation in 2024
May 21, 2024 11:05 pm by LawInc Staff
A California professional corporation is a great idea if you are a California licensed professional, with your own business, or working as an independent contractor, since it can provide extra...
What Is the Minimum Franchise Tax for California LLCs and Corporations?
May 17, 2024 11:05 am by LawInc Staff
California limited liability companies (LLCs) and corporations must pay a minimum annual franchise tax, regardless of income or business activity level. The franchise tax represents a fee for the privilege...