Monthly Archives: November 2024

Breaking News: Treasury and IRS Release Final Regulations for Clean Energy Tax Credits written by Rachel Lamphier The Department of the Treasury and the Internal Revenue Service (“IRS”) have introduced final regulations allowing certain entities co-owning clean energy projects to access tax credits through elective pay, also known as direct pay. Previously, many entities that… Read more »

The Right (to) Party: Designating the Correct IRS Tax Matters Partner/Responsible Party written by Saayem Rahman When forming a business, all entities are required to designate an individual as the business entity’s “Responsible Party.” But what is this party responsible for? Why does the IRS require such a designation? Who can be designated as a… Read more »

What to Know About Voting Thresholds in Multi-Member LLCs written by Miguel Otero Coming to an agreement with your business partners isn’t always so simple, especially when a decision significantly affects the business. Indeed, certain company decisions should, and almost always do, warrant greater consensus amongst the members of the LLC. Consequently, careful consideration must… Read more »

Limited Partnerships v. Limited Liability Companies: What’s Right for You? written by Tannon Symm You have decided to take that big step and start your own business, but where do you begin to conquer this giant task? One of the first and most essential steps in starting and owning your own business is deciding on… Read more »