In honor of tax season, we wanted to remind our business clients that some legal fees may be deductible for tax purposes. Regardless of your entity type (e.g., corporation, limited liability company or partnership), we encourage all of our business clients to visit a local Certified Public Accountant (CPA) to discuss their unique tax situation and determine if any legal fees are deductible under state and federal tax laws.
If you are an entrepreneur and have not yet formed a corporate entity, we would love to discuss the advantages that may be available should you decide to do so.
Ariel Bedell is an experienced attorney at The Loftin Firm. For questions relating to this blog post or any other California corporate governance, real estate, land use, or estate planning issue, contact Ms. Bedell at 760-814-9649.