Significant changes to IRS audit procedures for partnerships and LLCs will go into effect January 1, 2018. The changes will apply to all partnerships and LLCs who elect to be taxed as partnerships. The change is represents a substantial change in methodology when amounts are owed to the IRS and...
The Importance of an Operating Agreement for an LLC
Many LLCs in California are unfortunately started with downloaded forms off of legal websites. People just want to get their business up and running for the least amount possible. However, the second that your business starts to make money you have two really important problems: California law provides preference to...