Look What You Stepped In!
LLCs have become the entity of choice for most small businesses. However, many business, real estate, or other transactional lawyers are inadvertently falling into tax traps when they advise clients about common business transactions involving LLCs. The business lawyer ignores these issues at his or her peril!
Four top tax attorneys will point out (in plain English) some of the tax traps that are encountered in common business transactions with LLCs and how to avoid them.