Legal Question in Business Law in California
We have a medical partnership in CA and want to convert to a Professional Corp WITHOUT incurring tax. Do we: dissolve & reform? Convert shares? Convert from partnership to LLC? convert to a Limited Laibility Partnership?
The desire is to NOT be liable for malpractice of other owners. I know we can't form a PLLC.
Asked on 6/24/10, 1:42 pm
1 Answer from Attorneys
Kevin B. Murphy
Franchise Foundations, APC
Any attorney will say a review of all facts, documents, etc. is required. After that, a personal consultation is needed. This is not a simple bulletin board type question. Consult with a tax attorney in your area for specifics.
Kevin B. Murphy, B.S., M.B.A., J.D. - Mr. Franchise
Franchise Attorney
Answered on 6/25/10, 8:29 am
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