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

When starting your limited liability corporation (LLC), one of the first things you’ll have to do is decide what kind of LLC you want to build. Some are small ventures run by one person or a family.

Lindsey Crossmier has been a financial writer since 2022, and has been regularly quoted as an expert in outlets such as U.S. News, GOBanking Rates and Yahoo! Finance. She leverages her Yale financial ...

Some years ago I had the good fortune to join the ABA Business Law Section’s Committee on LLCs, Partnerships and Unincorporated Entities which, among its other scholarly pursuits in the field of ...

Law & Taxation mentor Barbara Weltman responds to the following question from an inc.com user: What roles do the members of an LLC play? Are they shareholders of the company? Barbara Weltman responds: ...

Most businesspeople who have formed any of the 80,000 New Hampshire LLCs currently in good standing have done so because LLCs are so easy to form and because they provide their members with liability ...

"The pick-your-partner principle reflects the notion that members of an LLC have the right to choose with whom they associate in business, because the trustworthiness, creditworthiness and ...

In a recent case decided by the Louisiana Fourth Circuit Court of Appeal, Jarquin v. Pontchartrain Partners, L.L.C., No. 2019-0737, 2020 La. App. LEXIS 137 (La. App ...

In 2018, two members of a realty holding LLC sought judicial dissolution based on the death of one of the other members. The operating agreement defines a member’s death as an event of “Dissociation.” ...

With the increased number of LLCs operating today, the Treasury Department and the courts frequently are called upon to determine the correct taxation of these entities when they elect partnership ...

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Members control their own fate, but they tempt that fate unnecessarily if they wait until it is too late to review the LLC's operating agreement. New Jersey's Revised Uniform Limited Liability Company ...