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Limited Liability Company (LLC) Real Estate Professionals

Allen Matkins

Bill To Allow LLC Real Estate Broker's License Is Not Dead Yet

Allen Matkins on

Nearly one year ago, I wrote that Assembly Member Tom Daly had introduced legislation that would allow limited liability companies to obtain a real estate license. Action on the bill stalled out last April and the bill would...more

Allen Matkins

Legislature To Consider Authorizing Real Estate Broker Licenses To LLCs

Allen Matkins on

In California, real estate broker licenses are currently issued only to individuals and corporations. Limited liability companies need not, indeed may not, apply. This is a result of a compromise that was reached when...more

Miles & Stockbridge P.C.

Fourth Circuit Finds Disguised Sale of VA Land Conservation Tax Credits

In Route 231, LLC v. Commissioner, 117 AFTR 2d 2016-XXXX (4th Cir. 2016), the U.S. Court of Appeals for the Fourth Circuit held that certain funds received by the taxpayer constituted income from the sale of Virginia land...more

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