Initial Capitalization of California LLPs and their General Partners When forming a California Limited Liability Partnership (California LLP) with a business entity as a general partner, one of the critical steps involves deciding on the initial capitalization of the general partner(s) as set forth in the written partnership agreement (Limited Liability [...]
Adequate Capitalization of California LLPs A California Limited Liability Partnership (California LLP) is a business entity structured to allow California attorneys and accountants to operate as a separate legal entity. Understanding adequate capitalization helps licensed professional partners business owners plan both how they initially fund their California LLPs and how they [...]
What is a 25102(f) Filing for a California General Partnership or California Limited Liability Partnership? Some frequently asked questions the experienced attorneys at San Diego Corporate Law are asked revolve around 25102(f) filings for California General Partnerships and California Limited Liability Partnerships.A Limited Offering Exemption Notice, often referred to as a [...]
Can I Use a PLLC to Practice Architecture in California? In the world of business formation, the term Architecture PLLC, or Architecture Professional Limited Liability Company, refers to a special legal business entity that is designed for licensed architects for rendering professional services. However, navigating the specifics of using [...]
Can I Use a PLLC to Practice Accountancy in California? In the world of business formation, the term Accountancy PLLC, or Accountancy Professional Limited Liability Company, refers to a special legal business entity that is designed for licensed accountants for rendering professional services. However, navigating the specifics of using [...]
Can I Use a PLLC in California? In the world of business formation, the term PLLC, or Professional Limited Liability Company, refers to a special legal business entity that is designed for licensed professions for rendering professional services. However, navigating the specifics of using a PLLC can be a [...]
What is Beneficial Ownership Information Reporting? Unless otherwise exempted, most companies in the United States, including California Corporations, California S-Corps, California Professional Corporations, California LLCs, California LLPs, California Limited Partnerships, and even some California General Partnerships and California Joint Ventures will be required to commence reporting about their Beneficial [...]
Can an Architecture Firm be an LLP in California? Yes, an architecture firm can indeed be a Limited Liability Partnership (LLP) in the State of California. This article aims to explore the various aspects, benefits, and potential challenges of establishing and running architecture firms as LLPs in California. We [...]
Can an Architect Practice Architecture Using a California LLC? A common question the attorneys at San Diego Corporate Law are asked is whether or not an architect may practice architecture as a California Limited Liability Company (LLC). Whether you are an architect, or someone advising architects and other licensed [...]
LLP vs Accountancy Corporation in California Although it is permissible to practice as an accountant as a Sole Proprietor or a General Partnership (which is not advisable based upon the taxation and unlimited liability of those structures!), California has two business entities that dominate professional business structures for the [...]
LLP versus Law Corporation in California Although it is permissible to practice law as a Sole Proprietor or a General Partnership (which is not advisable based upon the taxation and unlimited liability of those structures!), California has two business entities that dominate professional business structures for the practice of [...]
Can an Accountancy Firm be an LLP in California? Yes, an accountancy firm can indeed be a Limited Liability Partnership (LLP) in the State of California. This article aims to explore the various aspects, benefits, and potential challenges of establishing and running accounting firms as LLPs in California. We [...]
Can a Law Firm be an LLP in California? Yes, a law firm can indeed be a Limited Liability Partnership (LLP) in the State of California. This article aims to explore the various aspects, benefits, and potential challenges of establishing and running a law firm as an LLP business [...]
