Category: Partnerships

By: Serge Filatov Working as a business attorney in Silicon Valley, which some consider the start-up capital of the world, I have seen my fair share of different business structures . One structure that people form (most without even realizing it) is a general...

By: Tamara Pow Since I started my career as a tax attorney at Price Waterhouse, and have been managing partner at two San Jose law firm limited liability partnerships (LLPs) since then, I am used to being in control of the tax reporting for...

By: Tamara Pow On November 2, 2015 the Bipartisan Budget Act of 2015 (the “Act”) was enacted, completely transforming partnership audit procedures going forward. The intent was to streamline audit procedures and increase partnership tax compliance. The effect is going to be a lot...