A loan-out corporation is a personal service company that contracts your services to studios or networks, allowing you to receive income through the entity rather than personally. For entertainment professionals earning above certain thresholds, this can provide significant tax advantages — retirement plan contributions, deduction flexibility, and income timing control. We analyze whether a loan-out makes sense for your situation.

California's Franchise Tax Board aggressively audits former residents. To break CA residency, you must establish domicile in your new state — new home, driver's license, voter registration, banking, and minimizing CA days to under 546. We guide LA clients through the process and help document the change to withstand FTB scrutiny.

Yes — California taxes capital gains as ordinary income, with no preferential rate. At the top bracket, this means capital gains are taxed at 13.3% state plus federal rates of up to 23.8% (including NIIT). For business owners planning exits, timing and structure of the sale can make a massive difference. We plan well before the transaction.

Los Angeles imposes a gross receipts tax on businesses operating within the city. Rates vary by business category — from 0.1% to 5% of gross receipts — and apply to businesses with $100,000+ in LA gross receipts. Many business owners are surprised to discover they owe this in addition to state and federal. We calculate and file all LA city tax returns.