In the past two or three years (which interestingly coincides with the Covid pandemic), I have received more frequent inquiries from clients seeking legal and tax advice regarding problematic situations among owners of multi-member LLCs. Though the specifics of these scenarios differ greatly, typically a well-drafted operating agreement could have prevented much of the dissatisfaction… [Read More].
Did you know that a corporation or LLC is considered to be a legal “person” under the law? An existing entity established under state law is like a living human being—it has legal rights, tax obligations, and it can be sued. Until it is “pronounced dead” so to speak, by terminating it under state law,… [Read More].