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Choosing the right corporate structure is a crucial step when forming a law practice, as it affects everything from liability protection to tax implications and long-term growth. In this CLE webcast, attorneys will gain a clear understanding of the various corporate designations available to law firms, including sole proprietorships, partnerships, limited liability companies (LLCs), and professional corporations (PCs). The seminar will explore the key considerations for each structure, such as liability protection, tax treatment, governance, and the ability to raise capital. Whether you're starting a solo practice or expanding to a multi-member firm, this program will provide you with the tools to make an informed decision on the best corporate structure for your legal practice.
 
Attendees will learn:
 

• The pros and cons of different corporate structures for law practices, including sole proprietorships, partnerships, LLCs, and professional corporations (PCs).
• How to evaluate liability protection and risk management based on your firm’s structure.
• The tax implications of each corporate designation and how it impacts your bottom line.
• Key governance and management considerations for different corporate entities.

Best practices for choosing the right corporate structure based on the size and goals of your law practice.