Category: LLCs

By: Tamara Pow, Esq. Beware of LLC Managers that can’t be removed! As a business attorney, I work with many LLCs in San Jose and the Bay Area. Some of those have had to remove their LLC manager for one reason or another. I...

  By: Tamara Pow, Esq. One of the first decisions you have to make when you decide to form a limited liability company is whether the company will be managed by the members or by one or more managers. This decision is so important,...

By: Tamara B. Pow, Esq. On December 8, 2015 I published a blog about new federal partnership tax return filing deadlines . At that time, the IRS had just announced that partnership and S corporation returns will be due 2 ½ months after year...

By: Tamara B. Pow, Esq. What do you do if your LLC needs capital and a Member fails to contribute their share? The question of “What if the Company needs more money?” was addressed in Part I of this blog . If it is...

  By: Tamara B. Pow, Esq. Don’t get caught with an underfunded LLC. Plan ahead in your LLC Operating Agreement. The question of “What if the Company needs more money?” is often not addressed by an LLC until it is too late, the LLC...

  By: Tamara B. Pow Will you be denied a deduction for your share of LLC losses? You may have pass through losses from your LLC membership interes t , but that does not mean you can deduct them against your personal taxes this...