A rarely litigated provision of the New York Limited Liability Company Law (the “LLC Law”), Section 1006, authorizes the conversion of a general or limited partnership to a New York LLC through a ...

It’s a common scenario. A client or non-tax attorney says: “We’ve put together a new LLC/partnership agreement. It should be fine because we’ve used this same agreement on all of our deals. We just ...

Private practices in the health care industry, including those owned by physicians, dentists, and other health care professionals, operate in a unique and highly regulated environment. In such an ...

Forbes contributors publish independent expert analyses and insights. Matthew Roberts is a tax attorney who covers tax litigation and fraud. Federal tax law treats partnerships as conduits for tax ...

Does your law firm have a signed partnership agreement among the partners ? Many law firms do not. Despite the fact that attorneys routinely advise their clients to "get it in writing," many lawyers ...

Forbes contributors publish independent expert analyses and insights. I cover Wealth Preservation in its legal permutations When drafting LLC operating agreements, lots of planners include clauses to ...

A corporation is a separate legal entity that issues shares (stake in the company) to owners and protects their personal liability A partnership is owned by its partners and is easier to establish and ...