Fact: The Partnership Audit Rules Have Changed New partnership audit rules for LLCs taxed as partnerships, and Partnerships, took effect January 1, 2018. These new rules, and the new position of partnership representative, greatly change the landscape of partnership audits. For the unweary, these changes appear to be a simple change to your tax filings. […]
partnership agreement
Valuation and Buy-Sell Agreements – A Book Review
Business Valuation for Business Owners – By Zachary M. Sharkey, a book review You probably know by now that I am a huge proponent of the Buy-Sell Agreement (“BSA”) for business partnerships. The BSA serves as a sort of pre-nup for small businesses owned by two or more people or entities. As a business lawyer, […]