Entity Selection

September 6, 2017
What are the Advantages & Disadvantages of Each Type of Entity

What are the Advantages & Disadvantages of Each Type of Entity

What Are the Advantages and Disadvantages of Each Type of Entity? Before starting a business in California, you must decide which structure the company will take. […]
September 6, 2017
What are the Tax Implications for Each Entity?

What are the Tax Implications for Each Entity?

Sole Proprietorship:  Net profit or loss is computed on Schedule C and is reported as income or loss on the owner’s Form 1040.  The owner is […]
September 6, 2017
Business Entity Comparisons

Business Entity Comparisons

The forms of business available in California provide varying levels of personal asset protection for the business owner, various tax advantages and disadvantages, complexity or simplicity […]
September 6, 2017
What Happens When there are Multiple Entities?

What Happens When there are Multiple Entities?

In many cases, the use of multiple entities provides an optimum solution. Legal liability can be reduced by separating asset owning entities from operational entities. Multiple […]
August 24, 2017
What is a Limited Liability Company (LLC)?

What is a Limited Liability Company (LLC)?

The Limited Liability Company (“LLC”) is probably the most popular form of business entity today. The LLC is a liability-limiting entity formed under state law.  It […]
August 24, 2017
What is a corporation?

What is a Corporation?

A corporation is a limited liability entity in which the owners, called shareholders, are generally not liable for the corporation’s debts and obligations solely by reason […]