by danr | Oct 19, 2016 | Corporate and Business Law, LLCs, Tax Planning
By: Tamara B. Pow, Esq. On December 8, 2015 I published a blog about new federal partnership tax return filing deadlines . At that time, the IRS had just announced that partnership and S corporation returns will be due 2 ½ months after year end, or on March 15 th if... 
by danr | Oct 12, 2016 | LLCs, Real Estate Law
By: Tamara B. Pow, Esq. What do you do if your LLC needs capital and a Member fails to contribute their share? The question of “What if the Company needs more money?” was addressed in Part I of this blog . If it is at all possible that the LLC will need additional... 
by danr | Oct 5, 2016 | LLCs, Real Estate Law
By: Tamara B. Pow, Esq. Don’t get caught with an underfunded LLC. Plan ahead in your LLC Operating Agreement. The question of “What if the Company needs more money?” is often not addressed by an LLC until it is too late, the LLC is in need of cash, and has no ability... 
by danr | Jul 27, 2016 | LLCs, Tax Planning
By: Tamara B. Pow Will you be denied a deduction for your share of LLC losses? You may have pass through losses from your LLC membership interes t , but that does not mean you can deduct them against your personal taxes this year. Understanding the limitations on... 
by danr | Jul 18, 2016 | LLCs, Real Estate Law
By: Tamara B. Pow Are you calculating the LLC fee correctly for an LLC’s sale of real estate? The Franchise Tax Board just released FTB Legal Ruling 2016-01 (July 14, 2016) regarding the calculation of the limited liability company fee under California Revenue and... 
by danr | Jul 15, 2016 | Business and Entity Formation, LLCs
By: Tamara Pow The Secretary of State is revising LLC forms again. Back in May, I wrote that the Secretary of State does not revise its forms often, but when it does, it is critical that business owners are aware of the changes so that they file the correct form...