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Significant Changes to IRS Audit Procedures for Partnerships and LLCs

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...

Why is the Operating Agreement Such an Important Document for an LLC?

Why is the Operating Agreement Such an Important Document for an LLC?  What are the important questions that a new business owner or entrepreneur should be considering before forming a new LLC?  What advantages does an attorney bring to the process of starting a new business in San Diego?  Many...