Return to index: [Subject] [Thread] [Date] [Author]

Re: Taking the Plunge!

[Subject Prev][Subject Next][Thread Prev][Thread Next]
Definitely find a good CPA, preferably one who has experience with
professional practice rules and regulations.

One of the common misconceptions is that incorporating protects your
personal assets from all liability, and it does not.  Professional Engineers
cannot incorporate away professional liability, individuals sign engineering
documents, not corporations.  Incorporation will protect you from the other
liabilities involved in running a business (like sexual harassment, accident
in the company vehicle, etc.)

Only a qualified professional can guide you with the best organization for
your particular state and circumstances.

Paul Feather

----- Original Message -----
From: "John O. Grieshaber" <jog(--nospam--at)ltdeng.com>
To: <seaint(--nospam--at)seaint.org>
Sent: Wednesday, March 27, 2002 5:01 AM
Subject: Taking the Plunge!


> My partners and I are in the process of forming our own firm.  Taking into
> consideration that every state's tax and business laws are different, does
> anyone have any recommendations on which form of ownership provides the
most
> protection from personal assets?  For engineering firms in our state, I
> understand the most common forms of ownership are an S Corporation, a
> Limited Liability Corporation, and a Professional Corporation.
>
> Any insights would be extremely helpful.
>
>
>
>
>
> ******* ****** ******* ******** ******* ******* ******* ***
> *   Read list FAQ at: http://www.seaint.org/list_FAQ.asp
> *
> *   This email was sent to you via Structural Engineers
> *   Association of Southern California (SEAOSC) server. To
> *   subscribe (no fee) or UnSubscribe, please go to:
> *
> *   http://www.seaint.org/sealist1.asp
> *
> *   Questions to seaint-ad(--nospam--at)seaint.org. Remember, any email you
> *   send to the list is public domain and may be re-posted
> *   without your permission. Make sure you visit our web
> *   site at: http://www.seaint.org
> ******* ****** ****** ****** ******* ****** ****** ********
>


******* ****** ******* ******** ******* ******* ******* ***
*   Read list FAQ at: http://www.seaint.org/list_FAQ.asp
*
*   This email was sent to you via Structural Engineers
*   Association of Southern California (SEAOSC) server. To
*   subscribe (no fee) or UnSubscribe, please go to:
*
*   http://www.seaint.org/sealist1.asp
*
*   Questions to seaint-ad(--nospam--at)seaint.org. Remember, any email you
*   send to the list is public domain and may be re-posted
*   without your permission. Make sure you visit our web
*   site at: http://www.seaint.org
******* ****** ****** ****** ******* ****** ****** ********