Recent News

February 18th, 2021 David C. Tingstad, Per E. Oscarsson, Eli K. Yim, and Sarah C. Smith discuss tax issues with LLCs. Read More

Lawyers advising LLCs and their members must understand capital accounts from a tax perspective. When LLCs are taxed as a partnership, a member’s capital account reflects a portion of a member’s economic interest in the LLC. The tax regulations surrounding capital accounts are lengthy and complex, but understanding the basics allows practitioners to fully counsel… Read More

If you have a current child support order or are looking to request, modify, or adjust child support, you should be aware that there have been a number of noteworthy changes to the child support laws in 2020. The following is a brief summary of some of the changes: What is “full-time” employment for purposes… Read More

February 11th, 2021 Anne B. Bennette from our Family Law Group discusses community property, specifically unvested stock shares. Read More

Real estate investors frequently come to me seeking advice regarding placing their investments into business entities for asset protection and other business reasons.  Almost always, the LLC is the entity of choice for real estate investments. The reasons behind this simplistic answer, however, are far more complex. Realization Events Under the Section 1001 of Tax… Read More

February 4th, 2021 William O. Kessler and Andrew M. McKenzie speak about seller disclosure statement/Form 17 issues. Read More

As I have noted previously (along with numerous other commentators), LLCs are not corporations. Both the basic structure of, and the laws applicable to, each respective entity are significantly different.  However, there may be similarities as to the tax structure of LLCs and corporations if the LLC members so elect. A corporation can choose only… Read More

When you're in a relationship with someone who has children from a prior relationship, it is not uncommon to bond with and treat those children as if they were your own.  It is important, however, to remember your rights as a step-parent differ substantially then the parental rights of a biological or legal parent.  Should… Read More

More than ever before in human history, negative messages are capable of viral dissemination.  Online platforms and various forms of social media spread information, good and bad, with various levels of accuracy, faster than ever before.  For both businesses and individuals, negative information can deal a devastating blow to reputation.  People and businesses who feel… Read More