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Form a corporation. You can elect to be an S Corp. You will have the same tax advantages as an LLC.
Remember we win you operate as a corporation make sure your business name reflects the fact it is a corporation in all we sign has a corporate officer, i.e., President
The above is not legal advice. It is an illustration of options that can be used in certain situations. I have not examined all of your facts, if I did I might provide a different response.
whether a C corp or S election has be done with CPA/attorney consultation and recommendation.
If you intend to render "financial advise" on IRA etc. you must also be licensed professional with some sort of SEC level license whether series 6 or 7 or whichever applicable controlling license as well as State licensing, then with that you could have a "professional " corporation. Or if you were a CPA.
Even If you established a non professional corporation to render tax prepration and accounting or book keeping services you still can not give financial advice or sale of any financial instrument whether in a retirement account or not. Good luck.
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I would contact any one of the fine lawyers on Avvo.
Your particular situation may be different. This answer is intended for information purposes only. No Attorney-Client relationship has been established. I am an attorney in the Bay Area.
Under California law, LLCs cannot be formed to provide professional services. Professional services include any service that requires a professional state license. If you don’t know whether your service requires a state license, see the California Department of Consumer Affairs website. As an alternative to forming an LLC, California professionals may form limited liability partnerships (LLPs). Consult with a California business lawyer and a tax adviser to determine which business formation would be best suitable for you and your business. Search Avvo for business lawyers in your area.
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