I am launching a one-person firm (that would be me) and I would love some advice on which incorporation structure to go with.
Does an LLC / PLLC make sense for one person?
If you're a sole proprietorship, can you insure yourself in a way that protects your personal assets, as does an LLC?
Thanks for ANY feedback.
Wood Guy
Oct 2, 18 9:27 am
The best advice is to talk to an attorney. I currently have an LLC for design and an S-Corp for construction; my attorney says that there is no difference in protection as long as all rules are followed. A sole proprietorship offers no legal or asset protection. But like I said, don't take my word for it, talk to an attorney.
thisisnotmyname
Oct 2, 18 9:55 am
Check with your home state architectural license board and perhaps other states you may have projects in . Some states have restrictions about how firms can be structured. There can also be restrictions on firm names.
Unless your work is 100% unbuilt theory you do for yourself, I can't think of any situation where an architecture sole proprietorship is advisable.
sameolddoctor
Oct 2, 18 3:21 pm
NEVER ASK AN ARCHITECT FOR LEGAL/MONEY ADVISE...
NEVER ASK AN ARCHITECT FOR LEGAL/MONEY ADVISE...
NEVER ASK AN ARCHITECT FOR LEGAL/MONEY ADVISE...
NEVER ASK AN ARCHITECT FOR LEGAL/MONEY ADVISE...
NEVER ASK AN ARCHITECT FOR LEGAL/MONEY ADVISE...
NEVER ASK AN ARCHITECT FOR LEGAL/MONEY ADVISE...
NEVER ASK AN ARCHITECT FOR LEGAL/MONEY ADVISE...
tduds
Oct 2, 18 3:24 pm
or proofreading.
randomised
Oct 4, 18 11:10 am
I WILL TAKE YOUR ADVISE TO NOT TAKE YOUR ADVISE (AND HAPPY CAPS LOCK DAY?)
Hello all,
I am launching a one-person firm (that would be me) and I would love some advice on which incorporation structure to go with.
Thanks for ANY feedback.
The best advice is to talk to an attorney. I currently have an LLC for design and an S-Corp for construction; my attorney says that there is no difference in protection as long as all rules are followed. A sole proprietorship offers no legal or asset protection. But like I said, don't take my word for it, talk to an attorney.
Check with your home state architectural license board and perhaps other states you may have projects in . Some states have restrictions about how firms can be structured. There can also be restrictions on firm names.
Unless your work is 100% unbuilt theory you do for yourself, I can't think of any situation where an architecture sole proprietorship is advisable.
NEVER ASK AN ARCHITECT FOR LEGAL/MONEY ADVISE...
NEVER ASK AN ARCHITECT FOR LEGAL/MONEY ADVISE...
NEVER ASK AN ARCHITECT FOR LEGAL/MONEY ADVISE...
NEVER ASK AN ARCHITECT FOR LEGAL/MONEY ADVISE...
NEVER ASK AN ARCHITECT FOR LEGAL/MONEY ADVISE...
NEVER ASK AN ARCHITECT FOR LEGAL/MONEY ADVISE...
NEVER ASK AN ARCHITECT FOR LEGAL/MONEY ADVISE...
or proofreading.
I WILL TAKE YOUR ADVISE TO NOT TAKE YOUR ADVISE
(AND HAPPY CAPS LOCK DAY?)