Initial Capitalization of California Professional Accountancy Corporations When forming a California Professional Accountancy Corporation, one of the critical steps involves deciding on the initial capitalization. Adequate capitalization is essential to ensure that the California Professional Accountancy Corporation operates with sufficient resources while meeting the legal, financial, and operational requirements, and is [...]

Adequate Capitalization of California Professional Accountancy Corporations California Professional Accountancy Corporations are business entities structured to allow accountants to render professional services in corporate form as a separate legal entity under California Corporations Code Sections 13400-13410. Understanding adequate capitalization helps accountant shareholders plan both how they initially fund their California Professional [...]

What is a 25102(f) Filing for a California Professional Accountancy Corporation? Some frequently asked questions the experienced attorneys at San Diego Corporate Law are asked revolve around 25102(f) filings for California Professional Accountancy Corporations.A Limited Offering Exemption Notice, often referred to as a 25102(f) filing after California Corporations Code Section 25102(f) [...]

How Long Does It Take to Form a California Professional Accountancy Corporation? One of the questions the experienced corporate attorneys at San Diego Corporate Law are often asked is how long takes to form a California Professional Accountancy Corporation. The answer is a bit complicated because the timeline for forming a [...]

What are the Business Structure Options for Accounting Group Practices in California? Choosing the right business structure is a crucial decision for accounting group practices in California. The choice of business entity determines how the accounting group practice is taxed, the extent of personal liability protection and personal asset protection available [...]

What are the Business Structure Options for Solo Accountants in California? Choosing the right business structure is a crucial decision for solo accountants in California. The choice of business entity determines how the accounting practice is taxed, the extent of personal liability protection and personal asset protection available to the [...]

What Tax Benefits Does a California Professional Accountancy Corporation Provide? In California, establishing a California Professional Accountancy Corporation taxed as an S Corporation is the most popular business structure for licensed accountants providing accounting services in California. A separate article titled “What Liability Protection Does a California Professional Accountancy [...]

What Liability Protection Does a California Professional Accountancy Corporation Provide? In California, establishing a California Professional Accountancy Corporation is the only limited liability option that separates professional liability from personal assets for licensed accountants providing accountancy services in California. In a separate article covering tax planning and tax preparation [...]

When to Use a California Professional Accountancy Corporation In California, establishing a California Professional Accountancy Corporation is a favored option for licensed accountants providing accountancy services in California. We recently published an article titled When Not to Use a California Professional Accountancy Corporation outlining when this legal structure may [...]

When Not to Use a California Professional Accountancy Corporation In California, forming a California Professional Accountancy Corporation is a popular choice for certified public accountants rendering professional services. However, this legal structure is not suitable for every accounting practice. Understanding the limitations and disadvantages of practicing accountancy in a [...]

S-Corp versus Professional Accountancy Corporation in California When the experienced attorneys at San Diego Corporate Law speak to certified public accountants about the best corporate structure in which to operate their accounting practice, one of the most frequently asked business entity questions is about the difference between a California [...]

Four Reasons Not to Convert Foreign LLC or PLLC to a California Professional Accountancy Corporation Converting a Foreign Limited Liability Company or Professional Limited Liability Company (Foreign LLC or Foreign PLLC) to a California Professional Accountancy Corporation is an option for certified public accountants rendering professional services in California [...]

Four Reasons Not to Convert LLC to Professional Accountancy Corporation in California Converting a California Limited Liability Company (LLC) to a California Professional Accountancy Corporation is an option for licensed accountants rendering professional services in California who discover that, pursuant to California Corporations Code Section 17701.04(e), they are prohibited [...]

12 Steps to Convert a Foreign Professional Corporation into a California Professional Accountancy Corporation Transitioning from a Foreign Professional Corporation, which is a foreign corporation formed under the laws of a state other than California, into a California Professional Accountancy Corporation requires careful planning and adherence to specific legal [...]

Can Accountants Practice Using a Foreign Professional Corporation in California? The question of whether rendering professional services is permitted through a Foreign Professional Corporation, meaning a corporation or S-Corp formed in a state other than California, is a matter of legal interpretation. This article aims to dissect the legal [...]

12 Steps to Convert a Foreign Corporation into a California Professional Accountancy Corporation Transitioning from a Foreign Corporation, which is a corporation formed under the laws of a state other than California, into a California Professional Accountancy Corporation requires careful planning and adherence to specific legal requirements. This conversion [...]

Can an Accountant Practice Using a Foreign Corporation in California? The question of whether rendering professional services is permitted through a Foreign Corporation, meaning a corporation or S-Corp formed in a state other than California, is a matter of legal interpretation. This article aims to dissect the legal framework [...]

5 Steps to Convert a California General Stock Corporation to a California Professional Accountancy Corporation Transitioning from a California General Stock Corporation, such as a California Corporation taxed as a C Corporation for federal income tax purposes or a California S-Corp taxed as a small business corporation, to a [...]

Four Things to Know About Starting Your Accounting California Professional Corporation If you are a California accountant, here are four important things you should know before you open your own practice. 1.         You may incorporate as a California Professional Accounting Corporation. Under California law, you cannot operate your accounting [...]

Can an Accountant Practice Using a General Stock Corporation in California? In California, the structure and organization of businesses that accountants may use to provide accounting services are subject to specific legal and regulatory considerations. An Accountant must contemplate the most suitable corporate form for tax liability by minimizing [...]

10 Steps to Convert LLC to Professional Accountancy Corporation in California Transitioning from a California Limited Liability Company (LLC) to a Professional Accountancy Corporation in California requires careful planning and adherence to specific legal requirements. This conversion can offer numerous benefits for small business owners of accountancy practices, including [...]

The 7 Steps for Forming a California Professional Accountancy Corporation Starting a California Professional Accountancy Corporation may seem like a daunting task, but with the right knowledge and approach, it can be a straightforward process. Whether you plan to hire an experienced corporate attorney to ensure the work is [...]

Can a California Professional Accountancy Corporation Be an S-Corp? In the world of business and corporate structuring, how a licensed accountant chooses to incorporate can significantly impact their tax obligations, legal liabilities, compliance with the regulations of the California Board of Accountancy, and operational flexibility. We realize that navigating [...]

Who May Be a Shareholder of a California Professional Accountancy Corporation? It is essential to understand who can be a shareholder of a California Professional Accountancy Corporation because California Accountancy Corporations are subjected to stringent regulations enforced by the California Department of Consumer Affairs, California Board of Accountancy. This [...]

Can an Accountant Practice Accountancy Using a California LLC? A common question the attorneys at San Diego Corporate Law are asked is whether or not an accountant may practice accountancy as a California Limited Liability Company (LLC). Whether you are an accountant, or someone advising accountancy professionals, you may [...]

A California professional accountancy corporation provides a shield for your personal assets that is not available when operating as a sole proprietorship. An experienced San Diego corporate attorney can help you set up your California professional accountancy corporation correctly and can give advice and counsel on the other legal necessities such as who can be elected to the board of directors. Here is some general information on the requirements.