Understanding Business Ownership in California

• Workshop Room 2

This presentation covers the most common types of business ownership available to entrepreneurs in California. It provides an overview of Sole Proprietorships, Partnerships, Corporations, and LLCs, including the key features of each.

Presented by:

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Lucius C. Davis III from Franchise Tax Board Headshot Photo at Small Business Expo

Lucius C. Davis III Franchise Tax Board

Lucius C. Davis III is the Small Business Liaison in the Taxpayers’ Rights Advocate’s Office. He assists with the development of small business education and outreach programs in order to help business owners better understand their income tax requirements and responsibilities. He also provides information about the Franchise Tax Board’s (FTB) programs and services that are available to them. Prior to becoming the Small Business Liaison, Lucius worked in Collections and in Filing in the Business Entities Section as an analyst at FTB. In the private sector, Lucius owned a small business for 10+ years and prior to that, he played professional basketball overseas for 13 years. In or
Lucius C. Davis III is the Small Business Liaison in the Taxpayers’ Rights Advocate’s Office. He assists with the development of small business education and outreach programs in order to help business owners better understand their income tax requirements and responsibilities. He also provides information about the Franchise Tax Board’s (FTB) programs and services that are available to them. Prior to becoming the Small Business Liaison, Lucius worked in Collections and in Filing in the Business Entities Section as an analyst at FTB. In the private sector, Lucius owned a small business for 10+ years and prior to that, he played professional basketball overseas for 13 years. In order to inquire about this presentation, you can send an email to EducationandOutreach@ftb.ca.gov or directly to FTBSmallBusinessLiaison@ftb.ca.gov.
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