Books

John Cunningham practices law in two fields—the field of LLC law and tax and the field comprising new Internal Revenue Code section 199A and the regulations under that section. The two fields are highly interdependent, since:

  • All LLC members need to maximize their section 199A deductions on their shares of LLC income; and
  • Many owners of pass-through businesses can maximize their section 199A pass-through deductions only through a sophisticated use of LLCs.

John is the author of the leading book in each of these fields—namely, Drafting Limited Liability Company Operating Agreements and Maximizing Pass-Through Deductions Under Internal Revenue Code Section 199A—a Section 199A Practice Manual.

DRAFTING LIMITED LIABILITY COMPANY OPERATING AGREEMENTS

John’s book on LLCs law and tax is entitled Drafting Limited Liability Company Operating Agreements.

LLCs provide greater legal and tax flexibility and stronger statutory asset protections than any other business organization form. For these reasons, they are the entities of choice for business start-ups in all U.S. jurisdictions, and many corporations and other non-LLC entities have converted to LLCs.

Drafting Limited Liability Company Operating Agreements consists of 2,000 pages of text in 67 chapters, addressing all significant legal and tax issues normally relevant to LLC formations. The 67 chapters focus particularly on the legal and tax issues relevant to planning, negotiation and drafting LLC operating agreements.

The book also includes a CD-ROM, which contains the texts of 28 general-purpose model operating agreements (“forms”), 5 special-purpose model operating agreements, 90 “plug-in provisions” to supplement or replace provisions in these agreements, and dozens of exhibits.

For a table of the chapters in Drafting Limited Liability Company Operating Agreements, please click here.

For further information about Drafting Limited Liability Company Operating Agreements and to purchase a hard-copy or digital copy of it, please click here.

MAXIMIZING PASS-THROUGH DEDUCTIONS UNDER INTERNAL REVENUE CODE SECTION 199A—A SECTION 199A PRACTICE MANUAL

New Internal Revenue Code Section 199A became effective on January 1, 2018. It provides extraordinary new federal income tax deductions to owners of small businesses; these deductions can arguably exceed 20 percent of their business income. About 50 million U.S. business owners are eligible for section 199A deductions. However, to maximize their deductions, many of these business owners must significantly restructure their businesses.

John’s section 199A practice is based on his section 199A book. In this practice, he has saved his section 199A clients tens of thousands of dollars of federal income taxes.

Maximizing Pass-Through Deductions Under Internal Revenue Code Section 199A—a Section 199A Practice Manual, published by Wolters Kluwer Law & Business, consists of 14 chapters, comprising 250 pages of text, and dozens of examples. It addresses all major section 199A issues, including how to compute the deductions available to business owners under the section and how to restructure business entities to maximize these deductions.

For a table of the chapters of the book, please click here. For more information about the book and to purchase copies of it, please click here.

CONSULTATIONS

John provides free initial consultations about section 199A and LLCs. His telephone number is 603.856.7172.