Aug. 13, 2013
Corporations, elections and buy-sells, oh my
It all depends, of course, but what should be your default corporate form?
Robert W. Wood
Managing Partner
Wood LLP
333 Sacramento St
San Francisco , California 94111-3601
Phone: (415) 834-0113
Fax: (415) 789-4540
Email: wood@WoodLLP.com
Univ of Chicago Law School
Wood is a tax lawyer at Wood LLP, and often advises lawyers and litigants about tax issues.
What type of legal entity should you form for clients? It all depends, of course, but what should be your default? Whether you are a litigator, business lawyer or general practitioner, you probably have encountered this issue. If someone has a part-time or full-time business on their own and without a legal entity, they are a proprietor.
The income and expense from a proprietor's business goes on Schedule C to their personal tax r...
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