Many closely held businesses operate through entities classified as “S corporations,” an elective federal income tax regime that combines elements ...

An LLC operating agreement could contain restrictions on ... where all partners share equally in the profits of the business, you can form a limited partnership where some partners have limited ...

Problems with S elections frequently cause them to be invalid when made or to terminate. This article discusses four of the ...

In addition, the subsidiary's LLC papers will need to include a manager operating agreement that clearly states who will manage the LLC, who that person reports to and what responsibilities the ...

With the settlement, the station received access to unredacted operating agreements from 1999 and 2007 ... from ORNL or the ...