Limited Liability Company in California
Zinn & Lorand
Definition A limited liability company (LLC) is a business entity that is essentially a hybrid of a corporation .
Excerpt from Limited Liability Companies and Limited Liability Partnerships
Thomas A. Humphreys of Sidley Austin LLP
This book is about the limited liability company (LLC) and the limited liability partnership (LLP).
Is an S Corporation or Limited Liability Company Right for your Business?
Quinlivan Wexler LLP
Congress has recently passed a major S Corporation reform affecting the over-2-million S Corporations currently in .
California Conforms to the Federal Check-the-Box Regulations (Mostly), and to the S Corporation Rules . . . Single-Member LLC
Wilson Sonsini Goodrich & Rosati
This article discusses the recent changes to the federal income tax treatment of partnerships and limited liability companies ("LLCs"), and to S corporations and California's new "Check-the-Box" regulations.
How to Establish Your Legal Business Structure
Marla Grossman
This paper reviews the different options available for a business owner when choosing to establish a business form.
North Carolina Business Issues-FAQs
Grafstein & Walczyk, P.L.L.C.
Q. Must I incorporate my business? A. No. There are several entities that may be chosen when star.
Sophisticated Estate Planning
Slaymaker & Nelson, P.A.
Sophisticated Estate Planning It has been said that there is no greater gift that one spouse can give the other,.
Pennsylvania Legislative Alert: Proposal for Limited Liability Companies to be authorized under Architects Licensure Law
Powell, Trachtman, Logan, Carrle & Lombardo P.C.
The Pennsylvania Society of Architects has asked Grainger Bowman, resident principal of our Harrisburg office, to p.
Modernizing North Carolina's Business Environment
W (?RODDY?) B. Rodman Davis of Nexsen Pruet
This article summarizes the changes to North Carolina's business entity statutes.
Closely Held Manufacturers: Have You Selected the Right Entity?
Christopher R. Uzpen of Warner Norcross & Judd LLP
This article summarizes the different types of business entities a owner can choose when forming a business.
Equity Compensation and Limited Liability Companies
John E. McGrady of Buchanan Ingersoll & Rooney PC
Limited liability companies (LLCs) are rapidly becoming the favored vehicle through which many entrepreneurial comp.
Repeal of the Installment Method of Accounting for Accrual Basis Taxpayers and the Impact on the Sale of a Partnership Business
Levun, Goodman & Cohen, LLP
Earlier this month, President Clinton signed into a law an extenders bill that provides, among other things, for.
Choosing An Entity For The New Business Deal
W (?RODDY?) B. Rodman Davis of Nexsen Pruet
This article compares the different choice of entity options a corporation can delegate in it's formation with particular emphasis on the LLC designation.
Making Use of Nova Scotia Unlimited Companies
Charles S Reagh and Paul W Festeryga of Stewart McKelvey Stirling Scales
The Nova Scotia unlimited company is the only Canadian entity treated as a corporation for Canadian tax purposes but also eligible to be ?disregarded? for tax purposes in the United States. Accordingly, any adviser to US companies with interests in Canada, or to Canadian companies with interests in the U.S., will want to consider whether (or, more often, how) his or her client can make use of a Nova Scotia unlimited company.
Buying A Business--Beware Of These Common Mistakes
Law Offices of Sonjui L. Kumar
Reprinted with permission of Khabar Magazine Buying a business. It's every family's dream. Whether it's your.
IRS Issues Ruling Setting Standards for Hospital Joint Ventures
Dykema Gossett PLLC
On March 4, 1998, the Internal Revenue Service issued Revenue Ruling 98-15 outlining the standards it will use in.
Minute Books and Other Minutiae
Richard N. Drake of Womble Carlyle Sandridge & Rice, PLLC
O.K., be honest. How many of you who own or manage corporations maintain your minute books (or even know where you.
IRS Affirms Use of Partnership Gross Receipts to Solve S Corporation Passive Investment Income Problems
Levun, Goodman & Cohen, LLP
It's that time of the year again and my partner, Michael Cohen, and I are busy formulating the contents of the Thirteenth Annual Partnership, LLC & S Corporation Tax Planning Forums.
Planning Opportunities Under New U.S. Tax Entity Classification Regulations
Raj Tandenv of Morrison & Foerster LLP
This article discusses the replacement of the four factor test to tax entity classification system.
New Lead Paint Rules Now in Effect
Cook & Franke S.C.
In late 1996, new federal lead paint disclosure regulations went into effect.
Nova Scotia Unlimited Companies
Charles S. Reagh and Paul W. Festeryga of Stewart McKelvey Stirling Scales
The Nova Scotia unlimited company is the only Canadian entity treated as a corporation for Canadian tax purposes but also eligible to be ?disregarded? for tax purposes in the United States .
Delaware: The Jurisdiction of Choice in Securitisation
Scott E. Waxman,Nicholas I. Froio,Eric N. Feldman and Ross Antonacci of Potter Anderson & Corroon LLP
Delaware continues to be on the cutting edge in offering the securitisation community a comprehensive legal framework through which to conduct transactions. That framework includes recent legislation providing some certainty on the issue of what constitutes a "true sale" as well as the constantly evolving alternative entity statutes.
Types of Corporations
Cutchin Law Firm
It seems everyone knows there are two kinds of corporations: S-Corps and C-Corps.
Federal Tax Issues in Securitization
Robert G. Siegel of Day Pitney LLP
Introduction The restructuring of the California utility industry has been accomplished through a $6 billion se.
Memorandum on Limited Liability Companies
Coudert Brothers LLP
Forty-six states and the District of Columbia recently have adopted statutes that recognize a new type of business.
Don't Buy or Sell Without a Buy/SellÃÂ
Richard N. Drake of Womble Carlyle Sandridge & Rice, PLLC
Many owners and managers have heard of so-called "buy/sell" agreements-but their importance cannot be understated a.
Limited Liability Corporation Act Amendments
Kaufman, Payton & Chapa
Michigan's Limited Liability Company Act as amended in 1997 provides substantive changes which bring the Act in lin.
What Are The Important Legal Aspects Of Starting A Business?
Mansfield, Tanick and Cohen, P.A.
The first thing a start-up business owner should do is develop a strategic business plan. That plan acts as a blue.
Rethinking the Use of LLCs
Dana Proud Newman and Arsineh Voskanian of Pillsbury Winthrop Shaw Pittman LLP
In 1994, when California adopted the Beverly-Killea Limited Liability Company Act, organizing limited liability companies in California became a reality. Limited liability companies ("LLCs") gained immediate acceptance since they combined the flow-through tax treatment of partnerships with the limited liability of corporations. As a result, LLCs rapidly became the entity of choice for many real estate acquisitions in California. The use of LLCs increased when California authorized the use of single-member LLCs. In some situations, however, LLCs are not the most beneficial form of entity. The choice of LLCs instead of limited partnerships may come at a price as LLCs and limited partnerships are not subject to the same fees in California.
Top 10 Pitfalls for Business Owners
Christine L. Myatt of Nexsen Pruet
This article summarizes the ten problems business owners may run into when operating a business.
How To Select The Correct Form Of Doing Business How To Select The Correct Form Of Doing Business
Law Office of John Du
So you decide to start your own business. One of the first questions you should ask yourself is: What form of busi.
FAQ: Incoming Investment
Gatti & Associates
Are there any prohibitions or restrictions on foreign investment in the U.S.? Can foreign investors establish who.
Real Estate Finance
Peter B. Rotch of McLane, Graf, Raulerson & Middleton, P.A.
The recent combination of low interest rates and increased fervor with which commercial banks are pursuing real estate-based loans has created an opportunity for many small to medium sized businesses to consider purchasing their property for the first time.
Arent Fox Alert: Federal Election Commission to Tackle Novel Internet Political Law Issues and Votes to Impose Limited Liability Company Classification Rule
Elliott I. Portnoy of Arent Fox LLP
This alert discusses the FEC's agreement to open an inquiry into the extent to which the extraordinary growth of political activity on the Internet requires new regulation and/or modification of existing regulations.
Reducing Taxes and Limited Liability Through Real Estate
Jaron J. Nyhof of Warner Norcross & Judd LLP
This author recommends a company take advantage of liability protection and tax reduction opportunities through real estate of the company's facilities.
IRS Issues Proposed "Look-Through" and Partnership Interest Holding Period Regulations
Levun, Goodman & Cohen, LLP
Earlier this month the IRS issued, in tandem, two sets of new proposed regulations addressing certain issues involving the sales or exchanges of interests in partnerships, S corporations and trusts.
Limited Liability Companies: The Inside Story
Gregory J. Morris of Gregory J. Morris
Family Partnerships have long been known as a safe harbor for shifting income and allocating wealth among family me.
FTC Announces Another Change To HSR Treatment Of Limited Liability Companies
Nixon Peabody LLP
This article reviews the amended rules relating to the formation and acquisition of limited liability companies.
Preventive Law--The Legal Health Audit
Brian S. Jablon of Saltzman & Jablon, LLC
As a lawyer who has been trying business cases for a number of years, I am sharply aware of the.
New York's Newest Condo: Time Warner Center
Caroline A. Harcourt and Patrick John Henigan of Pillsbury Winthrop Shaw Pittman LLP
February 2004 marked the opening to the public of Time Warner Center, a 2.8 million square foot mixed-use real estate development located in the heart of Manhattan at the southwest corner of Central Park. Time Warner Center is the largest mixed-use development to be built in New York City since Rockefeller Center.
The Advantages and the Alternatives of Corporations
Checkett & Pauly, P.C.
Here are some answers to common questions concerning corporations: Q. Should I consider incorporating my busines.
New Legal Form of Business Offers Many Advantages
Moertl, Wilkins & Campbell, S.C.
IF YOU'RE STARTING a business, or buying one, or perhaps expanding one, then you'll want to consider .
Is Your Life Sciences Company Ready for Financing?
Jodi L. Hansell and David B. Lin of Davis Wright Tremaine LLP
For venture capitalists, Life Science companies have become all the rage. In 2002, even amidst the continual economic downturn, investments in the Life Science industry grew significantly as a percentage of total venture capital investments. Last year, the Life Sciences sector was notably one of the few fund-raising bright spots. This bulletin examines the strength of the Life Science industry relative to the current climate of venture capital investing and provides an overview of basic issues for a Life Science company to consider before seeking venture financing.
Corporations, Limited Liability and Partnerships in Virginia
Nicole B. Conte of Woods Rogers PLC
Internet Securities Offering. Offerings of unregistered securities may now be made in Virginia on the Internet.
Choosing the Correct Form for Your Professional Business
Hammerle Finley
The first step in setting up a successful business is choosing the proper legal form that your new business will take. For business composed of licensed professionals ? doctors, lawyers, accountants, engineers ? the choice of business form can be complicated by state laws that may impose various restrictions on these professional entities
The Entrepreneur's Legal Dilemma: When And How To Consult An Attorney?
Brownstein Nguyen & Little LLP, Attorneys At Law
Introduction. Legal issues represent only some of the many problems facing entrepreneurs and start-up companies..