For high-net worth individuals – particularly those whose assets include closely-held business interests or family investment entities – anticipated changes in the valuation of those assets for estate and gift tax purposes...more
This OnPoint reports on a recent important High Court decision ?limiting the remedies available for breach of a UK LLP agreement.
Generally, in contract law, if a party to a contract commits a breach which is...more
New amendments affect Delaware general partnerships, limited liability partnerships, limited partnerships and limited liability companies.
On July 24, Delaware Governor Jack Markell signed into law several amendments to...more
On August 1, 2015, House Bill H.F. No. 385, which was signed into law by Governor Mark Dayton in May 2015, will become effective. The new law streamlines the process for executing cross-entity and cross-border conversions...more
On July 9, 2015, an expert panel convened by the Ontario Ministry of Government and Consumer Services (MGCS) released their final report (the Expert Report) containing many broad recommendations on how to modernize Ontario’s...more
A foreign company or investor proposing to establish a business in Australia may choose from a number of different entities or forms of business organisation.
Each of these forms has its advantages and disadvantages....more
When starting your own law practice in California, one of your first decisions is what business form to use—should your practice be a sole proprietorship, a partnership, or a corporation? Don’t underestimate the importance of...more
Ruling implies that additional protections will be afforded to members of LLPs.
The UK Supreme Court recently ruled that members of a limited liability partnership (an LLP) are workers for the purpose of protections...more
The UK Supreme Court has ruled in Clyde & Co LLP and another v Bates van Winkelhof that members of Limited Liability Partnerships (LLPs) are to be treated as “workers” and therefore are covered by the protections which UK law...more
The rights conferred on an individual working in the UK depend on his or her employment status. An individual can be: (a) an employee; (b) self-employed; or (c) a “worker”. Employees enjoy the greatest...more
Changes to LLP member taxation and employee incentive schemes could have wide ranging implications for UK employers.
As always 6 April means a new UK tax year and a raft of employment and...more
Individuals form limited partnerships, limited liability companies and corporations to limit their personal liability. These legal structures encourage entrepreneurs to take risks. The California Court of Appeal, Second...more
In light of tax changes proposed for April 2014, partnerships may need to reconsider their members’ classification and/or duties to maintain the most tax efficient positions.
The UK Government’s recently published...more
Key changes affect the registration and re-registration of legal entities in Kazakhstan.
Canadian business laws are well developed. Several different types of business structures are available in Canada. Each features unique advantages and disadvantages.
Business Corporations -
The corporation is the...more
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