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Old 08-11-2014, 03:21 PM   #1
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Question Licensed Contractors - corporation or self employed?

For those licensed contractors that can share some of their expertise on this subject:

What are Pros and Cons to being a 'Self Employed' or 'Corporate' Electrical Contractor? (from your experience)

Specifically, regarding filling taxes and legal rights in California.



New to this site and not sure what Forum to ask under.

Last edited by LiVal; 08-11-2014 at 03:34 PM. Reason: new to electriciantalk.com
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Old 08-11-2014, 03:39 PM   #2
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What part of California are you in ?
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Old 08-11-2014, 03:40 PM   #3
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Los Angeles.
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Old 08-11-2014, 03:57 PM   #4
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Orange County here.
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Old 08-11-2014, 10:50 PM   #5
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There are pros and cons to both and ultimately, you should talk to two people;

1) Your CPA
2) Your Lawyer

I started sole prop. and am in the process of incorporating for liability reasons. Although from the sounds of discussions with both my lawyer and CPA, our current legal system doesn't have a problem going after and getting the personal assets of corporation owners.

Good stuff!
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