An S corporation isn't technically a legal business entity. It's actually a tax designation that primarily corporations (although limited liability companies are also eligible) elect to eliminate ...

A limited liability company generally shields its members from being personally liable for the debts and obligations of the business. To accomplish this, it is necessary for the members to distinguish ...

There are not many published California Court of Appeal opinions providing guidance for LLC managers and members. That’s why it’s an “LLC Jungle” out there. While unpublished opinions are not binding ...

The California Revised Uniform Limited Liability Company Act defines a "distribution" as a transfer of money or other property from a "limited liability company" (Cal. Corp. Code § 17701.02(k)) to ...

When advising clients on the choice of business entity, CPAs should consider the advantages and disadvantages of each type. If more than one entity is involved, CPAs should also determine whether ...