Why You’ll Need an EIN for Your Company

When you start a business, there are many things to take care of and paperwork to fill out. Many new entrepreneurs forget one critical task: getting an employer identification number (EIN). An EIN is like a social security number for your company, and it’s required if you want to open a business bank account or hire employees. This article will explain an EIN and why you need one for your business. We’ll also provide some tips on how to apply for an EIN. So don’t put off this critical task any longer – read on to find out everything you need to know about getting an EIN for your company!

What is an EIN?

An EIN is a nine-digit number assigned to a business by the IRS. It is used for tax purposes and is similar to a social security number for an individual. The first step in obtaining an EIN is determining if your business needs one. You may not need an EIN if you have a sole proprietorship or partnership. However, you will need an EIN if you are incorporated or have certain types of trusts.

How To Hide Your Identity When Forming LLC (Anonymous LLC)

If you want to hide the details of your business ownership, it’s about time.

Keep your businesses and private life from getting entangled by opening an Anonymous LLC instead of a regular one.

It’s the answer to the problem of harassment by the media and criminals. There are certainly benefits to it as people are increasingly opting for this solution.

There is nothing complicated about opening an Anonymous LLC, but the rules for it change depending on the state.

Anonymous LLC

Why Do You Want An Anonymous LLC?

So, before we go any further, you need to know exactly why you want your details hidden. Making an anonymous LLC makes the operation of the company passive, i.e., the owners won’t be directly running the operation, which may have cost-opportunity for small businesses.

You can expect 3 things from such an LLC contract.

  • Confidentiality about your business deals
  • Keeping your personal life free from all the negatives that come with doing business
  • And, of course, preventing criminals and stalkers from causing troubles

If you’re interested in opening one,

How Do You Make Changes to Your LLC?

Choosing the proper structure for your organization is a crucial step. However, many businesses will rush this step and eventually file articles with information that might require changes sooner or later. But even if that is the case, you really do not have to worry that much. Why?

Well, there are methods of making proper changes to the LLC! Making the changes is not as hard as you might have thought. And we will talk about it all in this discussion.

So, if you are wondering how do you make changes to your LLC, you would want to read til the end!

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When Is Amendement to LLC Documents Necessary?

Before knowing about the process of making changes, you must know when changes are actually necessary. Generally, these are the cases:

Change in the Name of LLC

If you are trying to change the LLC’s legal name, you will need to file for that change. However, you should note that you can not just use the changed name before it is approved.

Can An Accountant Have An LLC In CA?

It is a go-to choice for most licensed professionals to form a regular LLC. One of the most significant advantages of this structure is that it will allow the professionals to run their show.

Also, the fact that it lets them limit their liability can not be taken for granted.

But where LLC is not possible, PLLC is the right choice. However, in CA, things are pretty different. That is why the question of can an accountant have an LLC in CA is so common. And the answer to that will be a no.

Professionals in California are positioned at a higher standard. That is one of the reasons why. However, that is just the tip of the iceberg for the topic. There is so much that you need to know!

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What Structure Can You Form As An Accountant?

The LLC act of California prohibits different professions from forming an LLC. However, there are some exceptions. As we have briefly discussed, the professionals have a higher position in CA.

Can A Chiropractor Have An LLC In CA?

If you are a professional chiropractor in California, you should know that the state positions you on the highest standard.

The state knows what role you play as a professional when it comes to upholding the public’s safety and serving them. So, does that mean you can form any business structure you want?

Not really. The same goes for the answer to the question of can a chiropractor have an LLC in CA. You can not form an LLC as a professional chiropractor operating in California. The reason?

California does not want you to limit your liability for the mistakes you could make while practicing.

So, which structure should you choose? And what else should you know about this issue? Well, this discussion has all the information you are looking for!

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What Structure Should You Choose As A Chiropractor in CA?

If you are a professional chiropractor, you need to choose the Chiropractic Corporation. And for the tax status, you can select an S Corp or a C Corp,

Can A Doctor Have An LLC In CA?

LLC, which states Limited Liability Company, is the first choice for many.

It allows you to limit your personal liability, go through fewer administrative hassles, avoid double taxation and offers many other benefits.

However, it is not for all professions. So, can a doctor have an LLC in CA?

Long story short: a doctor can not operate as an LLC in the state of California. As a professional working in CA, you do not have many options when forming a business structure.

But what can you actually form as a doctor in California? To know that, you must stick with this discussion until the end.

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What Is The Legal Structure of Medical Practice in CA?

The State of California does not allow physicians to form LLCs. This structure is only for nonprofessional people.

If you are a licensed medical professional looking to start a business with your colleagues in the field, you need to form a professional medical corporation.

Can A Speech Pathologist Have An LLC In CA

Due to all the advantages that one can enjoy by forming an LLC, it is the first choice for most professionals.

Although different states do not restrict the type of structure a professional can choose, the case is not the same for California.

Therefore, questions such as can a speech pathologist have an LLC in CA, are so common.

So, can you form an LLC as a speech pathologist in California? No, you can not! The California law puts a prohibition on different professionals when it comes to operating as an LLC. Among all of those professions, the profession of a speech pathologist is one.

Now, what structure should you choose? Read to find out!

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Can A Speech Language Pathology Corporation Be Open As An LLC in CA?

California law does not allow a speech-language pathology corporation to operate as an LLC. In fact, the California Corporation Code does not have any certification of forming an LLC to practice speech pathology.

Can A Psychologist Have An LLC In CA

When you are starting a Professional Psychological Corp, you might have tons of questions in your mind.

Yes, the starting steps are the most tedious and time-consuming. One wrong step or decision can make you pay tons of fines.

For example, choosing the wrong business type.

Now, can a psychologist have an LLC in CA? The short answer is no! A Psychological Corporation can not operate as an LLC in CA.

According to California Corporations Code, there is no LLC certification to practice psychology.

Want to know what business form you should choose? Well, if you are looking for an in-depth answer, you can get that by reading through this!

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What Business Type Should You Choose for Practicing Psychology?

If you are a psychologist, you do not have any option other than forming an S-Corporation. You should create a corporation taxed as an S Corp.

Basically, as a psychologist, you are prohibited from operating like a traditional corporation or an LLC.

Can A Non Doctor Own A Medical Practice In California?

If only investing in a corporation was as simple as giving the money to acquire your share of profit.

Legal factors are tied to each and all steps of the decision-making procedures. The most common mistake a person can make is not consulting with a lawyer in a similar field.

So what does the California law say about this? Can a non doctor own a medical practice in California? Let us delve deeper into the subject in the section below.

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Owning Medical Practice by A Non-Doctor in California

Suppose you are a businessman with an idea to open a medical practice in California. You visit the local business lawyer and ask for legal advice.
Your goal is to own the medical practice while your hypothetical partner, a doctor, is the equal shareholder.

It is not like splitting an apple in half to share equally between the two. The lawyer will tell you that California law is different, though it may seem unfair.

Who Can Own A Professional Medical Corporation In California?

Being in the medical field entitles a person to be more than just a doctor. However, who can own a professional medical corporation in California?

What are the protocols and legal regulations? Californian restrictions are slightly different from other states.

This is why we have to understand certain terms and conditions before understanding who can establish a professional medical corporation. Shall we take a look?

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Professional Medical Corporation in California: Who Can Own One?

Once you find out who gets nominated for this field, the legal protocols will be easier to follow.

Shareholders

The shareholders must be licensed in the same State. It means an individual shareholder cannot even vote a proxy if his/her license is from a different State.

Therefore, the shareholder must have a medical license issued in California State to acquire the shares of the medical corporation.

Licensed Physician

Since it is a medical corporation, there must be a licensed physician or a surgeon among the shareholders.