Legal Question in Business Law in Massachusetts
To LLC or Not
I am a licensed mental health counselor in MA, USA. I carry liability insurance. I am preparing to open a private practice part-time. Most colleagues I know do not LLC.
Is it necessary for me to become a LLC if I am the only practicioner? Also, where do I have to register my business name?
1 Answer from Attorneys
Re: To LLC or Not
An LLC (in your case professional LLC or LLP) acts in providing you limited liability from all creditors other than malpractice claims. If you are part of a group, you might want a PC or LLC so you do not incur liability for anothers malpractice.
Some Professionals us PC's and elect subs so that they can avoid some self-employment tax on their earings.
As to registering your business, if you are operating under a d/b/a, then you should register it with the town in which you intend to practice and you may want to obtain a federal employer identification number for the d/b/a. You should speak to your accountant on that matter.
If you have more questions, please do not hesitate to call me.
Related Questions & Answers
-
Termination without cause or notice Situation: cross-country professional driver of... Asked 12/28/06, 12:52 pm in United States Massachusetts Business Law
-
Non Compete Agreements/Trade Secrets I was employed by a MA company and signed a... Asked 12/27/06, 12:56 pm in United States Massachusetts Business Law