Business

Thinking of starting a business? Or do you already have one and want to save on taxes? Forming a corporation may be just the thing! Many professionals such as doctors, lawyers, accountants, and others find incorporating to be the best solution for running their practice, minimizing their taxes, and allowing for retirement savings. Others are interested in formalizing a partnership, or striking out on their own as a "sole proprietor". Allow me to help you determine what choice makes the most sense.

"Entity" is the term used to describe how your business is organized. In California, entities can be sole proprietorships, corporations, limited liability companies, limited partnership, general partnership, or limited liability partnerships. Confusing? Of course! So don't guess what entity form saves you the most in taxes, or provides for the most liability protection, or allow you the greatest opportunity to raise money. After talking to Chris, you'll know which choice is right for you.