by danr | May 10, 2016 | LLCs
By: Tamara Pow In two of my previous blogs I have discussed the individual tax consequences to members when they make contributions to an LLC taxed as a partnership or contributions to an LLC taxed as a corporation . When contributing property or services to a limited... 
by danr | Apr 18, 2016 | LLCs
By: Tamara Pow I was recently training a new attorney at my law firm. We were discussing some of the things to look for when reviewing a commercial real estate lease or any business contract where one or more of the parties is an entity. I reminded him to start with... 
by danr | Apr 11, 2016 | LLCs
By: Tamara Pow Before you form a limited liability company to do business in California, make sure you understand the California LLC taxes. Both limited liability companies (“LLCs”) formed in California, and LLCs formed in a state other than California that are doing... 
by danr | Apr 4, 2016 | LLCs
By: Tamara Pow In my last blog I discussed the tax considerations members of a limited liability company (“LLC”) may face when they make contributions to an LLC that is taxed as a partnership. This blog explores the tax consequences for members making contributions to... 
by danr | Mar 28, 2016 | LLCs, Tax Planning
By: Tamara Pow Before you make a contribution to an LLC in exchange for a membership interest, beware that some member contributions to LLCs are taxable. For a limited liabilty company (“LLC”) taxed as a partnership, the general rule is that members do not recognize... 
by danr | Mar 22, 2016 | Corporate and Business Law, LLCs, Tax Planning
By: Tamara Pow In addition to income tax considerations on forming a limited liability company (“LLC”) in California and making contributions to the LLC, potential LLC members should keep in mind that income they receive from their LLC may be subject to...