Conrad A. May, CPA

Conrad A. May, CPA, P.C. is a state-registered investment adviser with $93 million in regulatory assets under management. The firm has 1 employee and 1...

Overview

Conrad A. May, CPA, P.C. is a state-registered investment adviser with $93 million in regulatory assets under management. The firm has 1 employee and 1 investment adviser. It operates with a single office.

General information

Principals

Conrad A. May

President

What services does a CPA professional corporation typically offer to wealthy families?

A CPA P.C. can provide tax preparation and planning, estate and gift tax compliance, bookkeeping for trusts and holding entities, bill payment, and consolidated net-worth reporting. Unlike a registered investment advisor, a CPA does not manage investments or make asset-allocation decisions for a fee without additional registration. The P.C. structure limits the practitioner's personal liability for the professional acts of the firm.

What is the significance of the 'P.C.' designation?

'P.C.' denotes a professional corporation, a business entity form authorized by state law for licensed professionals such as CPAs, attorneys, and physicians. It allows the professional to incorporate their practice, providing certain liability protections while preserving the individual's professional liability for their own acts. The entity can only be owned by licensed members of the profession in most states.

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