LLCs changing from partnership tax treatment to corporation or vice-versa may encounter issues including gain recognition.

Not much, really. While the entity’s form and structure morph to an LLC, the rights and liabilities of the entity are generally unaffected. Under California’s statutes governing the conversion of an ...

Sometimes, an accountant’s error is open for all the world to see, as in the wrong envelope handed over by the PwC accountant at the Oscars on Sunday night. At ...

Filing taxes is hard enough for the average worker. Taxes can be even more confusing for self-employed and small business owners. Adding to the confusion is the Tax Cuts and Jobs Act (TCJA) of 2017, ...

Whether you, and your business associates, are forming a local coffee shop or the next big Silicon Valley tech company, most entrepreneurs will have to decide on the type of operating entity that they ...

Passthrough entities have received a lot of attention lately -- partially because 90 percent of businesses are structured this way. Most of these businesses are S corporations, limited liability ...

We collaborate with the world's leading lawyers to deliver news tailored for you. Sign Up to receive our free e-Newsbulletins Some states have laws and ethical rules regarding solicitation and ...

A limited liability company (LLC) is a business that offers management flexibility, pass-through taxation and, in most cases, personal asset protection during bankruptcy or lawsuits. Often, your home ...