Why is a Psychology Practice Not Permitted to Use a General Stock Corporation in California? Choosing the right business structure is a critical decision for psychologists establishing their private practices in California. Professional psychological practices must comply with applicable rules set forth by California statutes and regulatory agencies. A California Professional [...]
Why is a Psychology Practice Not Permitted to Use a Foreign LLC or PLLC in California? Choosing the right business structure is a critical decision for psychologists establishing their private practices in California. While foreign limited liability companies (foreign LLCs) foreign professional limited liability companies (foreign PLLCs) and are popular outside [...]
Why is a Psychology Practice Not Permitted to Use a California LLC? Choosing the right business structure is a critical decision for psychologists establishing their private practices in California. While California Limited Liability Companies (California LLCs) are popular for their flexibility and tax benefits, psychology practices in California are expressly prohibited [...]
California LOEN Penalties for California Professional Psychology Corporations Understanding the penalties associated with late and unfiled California Limited Offering Exemption Notices (LOENs) for California Professional Psychology Corporations is essential to avoid unnecessary startup costs and more severe penalties from the California Department of Financial Protection and Innovation and its Commissioner (the [...]
Initial Capitalization of California Professional Psychological Corporations When forming a California Professional Psychological Corporation, one of the critical steps involves deciding on the initial capitalization. Adequate capitalization is essential to ensure that the California Professional Psychological Corporation operates with sufficient resources while meeting the legal, financial, and operational requirements, and is [...]
Adequate Capitalization of California Professional Psychological Corporations California Professional Psychological Corporations are corporate entities formed with the California Secretary of State structured to allow psychologists to render professional services in corporate form as a separate legal entity under California Corporations Code Sections 13400-13410. Understanding adequate capitalization helps psychologist shareholders plan both [...]
What is a 25102(f) Filing for a California Professional Psychology Corporation? Some frequently asked questions the experienced attorneys at San Diego Corporate Law are asked revolve around 25102(f) filings for California Professional Psychology Corporations.A Limited Offering Exemption Notice, often referred to as a 25102(f) filing after California Corporations Code Section 25102(f) [...]
What are the Business Structure Options for Psychology Group Practices in California? Choosing the right business structure is a crucial decision for psychology group practices in California. The choice of business entity determines how the psychology group practice is taxed, the extent of personal liability protection and personal asset protection available [...]
What are the Business Structure Options for Solo Psychologists in California? Choosing the right business structure is a crucial decision for solo psychologists in California. The choice of business entity determines how the psychology practice is taxed, the extent of personal liability protection and personal asset protection available to the psychologist, [...]
What Tax Benefits Does a California Professional Psychological Corporation Provide? In California, establishing a California Professional Psychological Corporation taxed as an S Corporation is the most popular business structure for licensed psychologists providing psychological services in California. A separate article titled “What Liability Protection Does a California Professional Psychological [...]
What Liability Protection Does a California Professional Psychological Corporation Provide? In California, establishing a California Professional Psychological Corporation is the only limited liability option that separates professional liability from personal assets for licensed psychologists providing psychological services in California. In a separate article titled “What Tax Benefits Does a [...]
When to Use a California Professional Psychological Corporation In California, establishing a California Professional Psychological Corporation is a favored option for licensed psychologists providing psychological services in California. We recently published an article titled When Not to Use a California Professional Psychological Corporation outlining when this legal structure may [...]
When Not to Use a California Professional Psychological Corporation In California, forming a California Professional Psychological Corporation is a popular choice for licensed psychologists rendering professional services. However, this legal structure is not suitable for every psychological practice. Understanding the limitations and disadvantages of practicing psychology in a California [...]
S-Corp versus Professional Psychological Corporation in California When the experienced attorneys at San Diego Corporate Law speak to licensed psychologists about the best corporate structure in which to operate their psychological practice, one of the most frequently asked business entity questions is about the difference between a California S-Corp [...]
Four Reasons Not to Convert Foreign LLC or PLLC to a California Professional Psychology Corporation Converting a Foreign Limited Liability Company or Professional Limited Liability Company (Foreign LLC or Foreign PLLC) to a California Professional Psychology Corporation is an option for licensed psychologists rendering professional services in California who [...]
Four Reasons Not to Convert LLC to Professional Psychological Corporation in California Converting a California Limited Liability Company (LLC) to a California Professional Psychological Corporation is an option for licensed psychologists 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 Psychological Corporation Transitioning from a Foreign Professional Corporation, which is a foreign corporation formed under the laws of a state other than California to render professional services, into a California Professional Psychological Corporation for rendering professional services [...]
Can Psychologists Practice Using a Foreign Professional Corporation in California? The question of whether licensed psychologists and professional employees rendering professional services may lawfully render professional services using a Foreign Professional Corporation, meaning formed in a state other than California, is a matter of legal interpretation. This article aims [...]
12 Steps to Convert a Foreign Corporation into a California Professional Psychological Corporation Transitioning from a Foreign Corporation, which is a corporation formed under the laws of a state other than California, into a California Professional Psychological Corporation requires careful planning and adherence to specific legal requirements. This conversion [...]
5 Steps to Convert a California General Stock Corporation to a California Professional Psychological Corporation Transitioning from a California General Stock Corporation, such as a California Corporation or California S-Corp, to a Professional Psychological Corporation in California requires careful planning and adherence to specific legal requirements for limited liability [...]
Four Things to Know About Starting Your Psychology California Professional Corporation If you are a California psychologist, here are four important things you should know before you open your own practice. 1.        You may incorporate as a California Professional Psychology Corporation. Under California law, you cannot operate your psychology [...]
Can a Psychologist Practice Using a General Stock Corporation in California? In California, the structure and organization of businesses that psychologists may use to provide psychological services are subject to specific legal and regulatory considerations. A psychologist must contemplate the most suitable corporate form for tax liability by minimizing both [...]
12 Steps to Convert a PLLC to a California Professional Psychological Corporation Transitioning from a Professional Limited Liability Company (PLLC) to a California Professional Psychological Corporation requires careful planning and adherence to specific legal requirements. This conversion is one of the corporate existence options for psychologists practicing psychology in [...]
10 Steps to Convert LLC to Professional Psychological Corporation in California Transitioning from a California Limited Liability Company (LLC) to a Professional Psychological Corporation in California requires careful planning and adherence to specific legal requirements. This conversion to corporate existence can offer numerous benefits, including potential tax advantages, protecting [...]
Can I Use a PLLC to Practice Psychology in California? In the world of business formation, the term Psychological PLLC, or Psychological Professional Limited Liability Company, refers to a special legal business entity that is designed for licensed psychologists for rendering professional services. However, navigating the specifics of using [...]
The 7 Steps for Forming a California Professional Psychological Corporation Starting a California Professional Psychological 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 Psychological Corporation Be an S-Corp? In the world of business and corporate structuring, how a licensed psychologist chooses to incorporate can significantly impact their tax obligations, legal liabilities, and operational flexibility. We realize that navigating California laws and regulations for psychologists, the business entities available [...]
Sole Proprietorship vs Professional Psychological Corporation in California Choosing the right business structure for practicing psychology in California can feel like a maze of complex legal language and intricate financial terminology. The decision between operating as a Sole Proprietorship vs Professional Psychological Corporation in California affects many aspects of [...]
Who May Be a Shareholder of a California Professional Psychological Corporation? It is essential to understand who can be a shareholder of a California Professional Psychological Corporation because California Psychological Corporations are subjected to stringent regulations enforced by the California Department of Consumer Affairs, California Board of Psychology. This [...]
If you are a licensed -- or soon-to-be licensed -- San Diego psychologist, it may be beneficial for you to form a California psychology corporation taxed as an S-Corp through which to operate your professional practice.
Forming a San Diego Professional Psychology Corporation If you are a going out on your own as a psychologist, forming a California professional psychology corporation as the business entity for operating your practice is probably the best investment you can make in your new practice. Forming a California professional [...]
California Medical Corporations: Advantages Over Partnerships If you are a licensed medical professional here in San Diego, or if you are another type of licensed professional like an attorney, you can form a corporation specifically designated for professionals under the Moscone-Knox Professional Corporation Act of 1968 (the "Act"). See [...]
