[jheathhuggins]

Hello Folks!

As majority of you probably know is that in most state if you open up a CPA firm then your choice in entity is: sole proprietorship, PC- professional corporation, or PLLC. It appear that the options to use LLC, S-Corporation, and C-Corporations is not allowed. It sucks in regard of liability protection. With the new tax reform it would be nice to be able to use C-Corporations in some case.

I live in NC and I passed all 4 sections of CPA exam. I am not licensed yet. As we know only CPA firm are allowed to do audit/assurance. As far as consulting, tax, bookkeeping, payroll, and managerial accounting, and etc one is not required to have CPA or have CPA firm to do those.

I am thinking about opening up my own business that only focus on tax, bookkeeping, payroll, and advisory. The big questions am I right to think I can do those as C-Corporation nationwide as long I don’t hold the business as CPA firm or perform audit/assurance engagements.

Of course later if I have my license and want to do audit engagement then I would have to open up other business by itself as CPA firm as PC or PLLC and only do it in that subject State.

A insight is appreciated!

AUD - 85
BEC - 78
FAR - 76
REG - 75

J. Heath Huggins, MAcc, Broker

jheathhuggins@yahoo.com

FAR 1/6/17 passed

AUD 1/31/17 passed

BEC 2/6/17 passed

REG 3/9/17 passed