Category: Choice of Entity—General

The post under the link below provides a brief but excellent introduction to public benefit LLCs—a new type of LLC that all LLC lawyers should be familiar with.

Here’s the link:

https://www.lexology.com/library/detail.aspx?g=a16eab0b-bcb9-40b2-a7c4-e77f753feedd&l=8FB4112

Tax choice of entity is a key procedure in any LLC formation, and with the enactment of IRC section 199A, all existing LLCs should revisit tax choice of entity.  The new post by Lou Vlahos of FarrellFritz under the link below contains a short but excellent post about tax choice of entity and S corporations.

Here’s the link:  https://www.taxlawforchb.com/2019/05/determining-the-value-of-an-s-corp

The new law journal article cited below is important for every tax professional who represents section 199A clients.

Here’s the cite:

RETHINKING THE OBVIOUS: CHOICE OF ENTITY AFTER THE TAX CUTS AND JOBS ACT
16 PTTAXR 67
Leo N. Hitt
Pittsburgh Tax Review

Can an Entity Be a Partnership and a Corporation at the Same Time?
The post in Peter Mahler’s business divorce blog under the link below addresses the above fascinating question.

Here’s the link:  https://www.nybusinessdivorce.com/2018/05/articles/partnerships/corporate-frankenstein-partnership-form-corporation-lives-another-day/