Q: I am a CPA and am planning to partner with a non-CPA partnerto start an advisory firm. Can we be an LLC in California?
This firm will only be offering accounting/bookkeeping/contoller and CFO advisory services. No Audit/attest or compilation services
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A:
Yes, you can form an LLC in California with a non-CPA partner for the type of advisory firm you are planning. California allows LLCs to offer accounting, bookkeeping, controller, and CFO advisory services as long as they do not include audit, attest, or compilation services. This means you can proceed with your partnership without any issues under California law for these specific services.
When forming the LLC, you should ensure that your operating agreement clearly defines the roles and responsibilities of each partner. This will help avoid any misunderstandings and ensure smooth operations. It is also important to comply with all California state regulations and licensing requirements for the services you plan to offer.
You will also need to register your LLC with the California Secretary of State and obtain any necessary business licenses. It's advisable to consult with a legal professional to ensure all paperwork is properly completed and filed, and that your business structure complies with all relevant laws and regulations.
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