- Going Solo: Sole Proprietorship or Professional Corporation?
If you are starting out solo, your two principal options are to operate your law practice as a sole proprietorship or as a professional corporation. A sole proprietorship does not create a separate legal entity and is the simplest structure for tax purposes, but does not provide the sole proprietor with any shield from liability. …more
- Business Structures Available to Solo and Small Firm Practitioners
Solo practitioners and small firms have several business structures available to them. Sole Proprietor A solo practitioner can practice as a sole proprietor. The sole proprietor form provides no liability protection: as a sole proprietor, you are personally responsible for claims arising from your business, and your personal assets are at risk. Insurance is your …more
- Lessons from the Launch: What I Learned from Starting a Law Firm by Mark Conrad, Conrad & Metlitzky
Last April, I took a professional leap of faith and launched a new civil litigation boutique. In a few short months, it has already proved to be the most personally rewarding decision of my career. To claim “success” is premature – Conrad & Metlitzky is less than a year old, and we have a long …more
“Choice of Entity” by George Cabot
Via Contra Costa Lawyer
This article discusses the selection of the form of entity under which to practice law is different depending on whether the lawyer is a solo practitioner or in partnership with other lawyers.