Understanding what not to do is crucial to avoid an audit. Below, I’ll share several actions LLC business owners make that ...

Death is always complicated. It involves emotional and logistical considerations and management. When an owner (typically ...

An LLC is a hybrid structure that combines some features and benefits of a corporation and others of a partnership or sole proprietorship. Like a corporation, LLCs provide their members with ...

The partnership-level adjustment may be required for a substantial built-in loss, except for electing investment partnerships and securitization partnerships.

Opinions by the Court of Appeals, New York’s highest court, construing the state’s LLC Law enacted 30 years ago are almost but not quite as rare ...

In the U.S., LLC laws are governed by individual states but are recognized in all. The laws further vary across countries. The “owners” of the company, in the case of LLCs, are referred to as “members ...