This article presented a wonderful analogy of the new partnership tax audit rules. It is so well stated that I thought I had to pass along the entire piece for your review. It is from the mind of Elizabeth Whitman, and it certainly illustrates the current environment for partnerships and the recent developments and changes to […]
When Partners Incorporate Their Venture
Reprinted below for your reference is a “Partnerships & Limited Liability Companies” e-bulletin dated April 26, 2018, for the California Lawyers Association, Business Law Section. This may be of interest to anyone who has partnered up with other individuals on a business venture, then later formally incorporated their business. Also note that in many instances, […]