At Johnston, Kinney & Zulaica LLP our business and/or S Corporation entity formation attorneys in San Francisco and throughout the Bay Area have an understanding of tax codes and filing requirements. We can work with clients to ascertain what the most appropriate entity is depending upon the client’s goals and needs.
A Limited Liability Company (LLC) combines the tax flexibility of a partnership with the personal liability protection of a corporation. LLC owners report their share of business profit and loss on their personal tax returns, similar to tax reporting for a general partnership. LLC formation can help you separate yourself from your business, protecting your personal assets in the event of a judgment against the company. All 50 states and the District of Columbia now recognize this business type.
An S Corporation is another type of business entity with creditor protection and possible advantages from a tax perspective. We are happy to meet with you and discuss your particular situation to establish the property entity for your needs.