Ekong Udoekwere

Ekong Udoekwere

Katten Muchin Rosenman LLP

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IRS Issues Pronouncement on Virtual Currencies

On March 25, the Internal Revenue Service (IRS) issued Notice 2014-21 (notice) containing guidance and frequently asked questions relating to virtual currencies such as bitcoins. Among other clarifications, the notice states...more

4/4/2014 - Bitcoins IRS Virtual Currency

California's Revised LLC Statute Could Have Profound Effects on Entertainment Industry Limited Liability Companies

The use of limited liability companies, or LLCs, is pervasive in the entertainment industry. Writers, actors, directors and other “talent” often render their creative services through single-member “loan-out” LLCs. Providers...more

1/17/2014 - Entertainment Industry Limited Liability Companies LLC

A Summary of the New California LLC Law

Effective January 1, 2014, the existing limited liability company (LLC) statute in California (the “Old Act”) will be replaced by the California Revised Uniform Limited Liability Company Act (RULLCA). Actions taken by...more

12/20/2013 - Articles of Incorporation Choice of Entity Corporate Charters Corporate Governance Corporate Management Corporate Records Fiduciary Duty LLC RULLCA

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