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Business Formation

Zaher Fallahi, Certified Public Accountant (CPA) and Attorney At Law, is a CPA and Law firm with emphasis on US tax, tax controversy, un-disclosed offshore accounts, international tax, foreign gifts, and Office of Foreign Assets Control (OFAC) Regulations. We are licensed in California and Washington D. C., and represent tax and OFAC clients throughout the United States and overseas. Depending on the case, telephone appointments are available for long-distance clients.

 Toll Free 877-687-7558


Harvard Law School

Zaher Fallahi has completed “Negotiation and Leadership” and “Leveraging the Power of Emotions as You Negotiate” Certificate Programs at Harvard Law School.

 

 

Business Formation

Based on your objective, line of business and legal status, we assist you in selecting an appropriate form of legal entity. We explain the legal and tax implication of each entity to help you choose the most advantageous form of entity for you.

 

Our affiliate Zaher Fallahi, Attorney At Law, Certified Public Accountant (CPA), incorporates your business and files all the necessary legal documents for you. If desirable and appropriate, we may incorporate provisions such as "right of first refusal" or "spousal consent" in the bylaws, or draft a separate agreement or contract, to protect you from being forced to work with a stranger in case of a dispute among you as business owners. 

 

Here are the most common forms of legal entities:

 

(1) Sole proprietorship

Tax Tip:  Based on tax practitioners’ experience, Schedule C s with revenue in excess of $100,000 are more susceptible to an IRS audit than an average taxpayer. Therefore, you may consider incorporating the business once the revenue exceeds $100,000.

 

(2) Corporation

Tax Tip: To mitigate double taxation, it may be advisable to consider an S corporation or a Limited Liability Company (LLC).

(3) S corporation

Tax Tip: New 20 % tax deduction. There is a new 2018 deduction of 20% for pass-throughs; New 20% Deduction for Pass-Throughs

 

(4) Partnership

Tax Tip: New 20% tax deduction. There is a new 2018 deduction of 20% for pass-throughs; New 20% Deduction for Pass-Throughs

 

(5) Limited Liability Company (LLC)

Tax Tip:  Members’ of an LLC may deduct their losses up to the amount of their capital in the LLC. According to the IRS, since each member of an LLC has limited liability, investors are analogous to limited partners under IRC § 469. For purposes of passive loss rules, LLC members are treated as limited partners, even if the taxpayer is a member-manager.


New 20% tax deduction. There is a new 2018 deduction of 20% for pass-throughs; New 20% Deduction for Pass-Throughs

 

Outside General Counsel Services ( through our law firm)

 

Zaher Fallahi, attorney at law, has been rated 10 by Avvo:  Rated 10 of 10 .

Zaher Fallahi, tax attorney, has been named a top tax attorney:  TOP Tax Attorney

About 1.8% of the U.S. lawyers are also CPAs, and we are proudly one of them;

 

 Need Incorporation? We Can Help

(310) 719-1040 (Los Angeles)

(714) 546-4272 (Orange County)

Toll Free 877-687-7558

Website:  http://www.zflegal.com/  e-mail: taxattorney@zfcpa.com

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