Most business acquisitions are structured as purchases of assets in order to insulate the buyer from exposure to the liabilities of the seller. While that is generally an effective strategy, there are exceptions and nuances...more
4/1/2021
/ Acquisitions ,
Business Assets ,
Buyers ,
Commercial Activity Tax ,
Debt Relief ,
Environmental Liability ,
Fraudulent Transfers ,
Income Taxes ,
Sale of Assets ,
Sales Tax ,
Sellers ,
State and Local Government ,
Successor Liability ,
Unemployment Compensation System ,
Withholding Tax ,
Workers’ Compensation
If you signed an LLC operating or partnership agreement prior to January 1, 2018, it may need to be amended to accommodate a significant new rule regarding taxation of partnerships. Effective for tax years beginning after...more
6/27/2019
/ Business Taxes ,
General Partnerships ,
Income Taxes ,
IRS ,
Limited Liability Company (LLC) ,
Limited Partnerships ,
New Legislation ,
New Rules ,
Operating Agreements ,
Partnership Agreements ,
Tax Audits ,
Tax Liability