California Professional Corporations

RECENT ARTICLES

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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 Professional Corporation in California

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...

Abstract image representing California LLC and corporation franchise tax.

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...

Forming a Physician Assistant Corporation in California

Who Can Own a California Professional Physician Assistant Corporation?

April 23, 2024 12:04 pm by LawInc Staff

Forming a Physician Assistant Corporation in California allows licensed physician assistants to take advantage of many of the benefits of incorporation including tax savings and liability protection. Restrictions to apply...

An attorney stands beside a sign with the question "LLC?" depicted in a thought-provoking manner, illustrating the dilemma faced by legal professionals in California regarding the use of Limited Liability Companies in their practice.

Can California Attorneys use LLCs to Practice Law?

January 07, 2024 11:01 pm by LawInc Staff

As a California attorney, are you weighing options for liability protections and tax advantages when starting a private practice of working as an independent contractor? California Attorneys Cannot Practice Law Using...

Psychologist looking at the camera with confidence.

How to Form a Professional Psychological Corporation in California

December 05, 2023 04:12 pm by Zach Javdan

Are you a licensed psychologist running your own private practice in California, looking to limit personal liability while potentially saving on taxes? If so, creating a professional psychology corporation could...

Image of an LLC owner contemplating the Corporate Transparency Act penalties

How Your Corporation or LLC Can Send You to Prison

December 02, 2023 05:12 pm by LawInc Staff

With over 6 million corporations and limited liability companies (LLCs) formed in the U.S. annually, business entity creation is ubiquitous. However, the recent Corporate Transparency Act (CTA) imposes new federal...

Business owner considering common DIY incorporation mistakes.

DIY Incorporation: 8 Critical Mistakes

November 30, 2023 02:11 pm by LawInc Staff

With over 415,000 new business formations annually in California alone, company incorporation has become virtually mainstream. However, going the DIY route also comes loaded with legal complexities that business owners...

Doctor looking at camera

California Medical Corporation Pitfalls: A Physician’s Guide to Avoiding Legal Trouble

November 26, 2023 06:11 pm by LawInc Staff

Forming and operating a professional medical corporation (PC) in California provides many potential advantages in limiting liability and optimizing tax benefits. However, navigating corporate formalities also carries legal risks if...

Female vet holding a puppy outside her California veterinary clinic

California Veterinary Corporation Explained

November 05, 2023 03:11 pm by LawInc Staff

Legal Framework Governing Laws: California veterinary corporations must adhere to the Moscone-Knox Professional Corporation Act, California Corporations Code, and other relevant statutes and regulations​ Regulatory Body: Overseen by the Veterinary Medical Board​ Professional...