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Contractors may now operate as LLCs

Wednesday, January 04, 2012

The Contractor State License Board is now authorized to issue a contractor’s license to an LLC. (FTB Tax News, January 2012, SB 392 (Ch. 10-698))

Generally, LLCs are not allowed to be used for certain businesses subject to professional licensing requirements. However, as is now the case for contractors, amendments to the law allow specific businesses with licensing requirements to form and operate as LLCs.

At Spidell’s Federal/California Tax Update Seminar we will talk about:

What property tax is deductible
How the new federal Schedule D works
How to treat the sale of gold and silver
What happens if your client is selling stuff on e-Bay
New laws coming this year and old laws going away

Click here to register today.

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