Partnerships

"HMRC Turns Up the Pressure on UK LLPs"

by James Anderson, Chris Hutley-Hurst | Skadden, Arps, Slate, Meagher & Flom LLP on 5/22/2013

Following the announcement in Budget 2013, HM Revenue & Customs (HMRC) issued a consultation document on May 20, 2013 that focuses on two areas of partnership taxation where HMRC perceive “unintended inconsistencies”...more

HM Revenue & Customs Consultation Document Poses Significant Tax Challenges for Investment Management LLPs

by David Gubbay, Daniel Hawthorne, Mark Stapleton | Dechert LLP on 5/21/2013

On 20th May, HMRC published a consultation document which proposes major changes to the taxation of partnerships in the UK. The consultation is particularly relevant to investment management LLPs – and especially to those...more

Tax-Efficient Capital Vehicles for Unregulated Utilities: REITs, MLPs and Up-Cs Considered

by Nickolas Gianou, David Levy, Sean Shimamoto | Skadden, Arps, Slate, Meagher & Flom LLP on 5/15/2013

Over the last several years, a confluence of political and market developments have made capital for renewable energy projects harder to come by, which has affected the ability of unregulated affiliates of public utilities...more

Capital Infusion - May 2013: Tax Consequences: Noncompensatory Partnership Options

by Sean Clancy, Adam Connatser, Lindsay Faine, Jon Finger, Rani Hauth Guerra, J. Atwood Jeter, David McLean, George Schutzer | Patton Boggs LLP on 5/14/2013

The Department of the Treasury and the Internal Revenue Service issued final regulations, effective February 5, 2013, concerning the tax consequences of noncompensatory options and convertible instruments issued by a...more

Which Entity Should I Form For My Business Enterprise?

by Peter Greenbaum | Wilentz, Goldman & Spitzer P.A. on 5/2/2013

Whether starting a business or operating an existing enterprise, business people should consider the legal form of their business and the need to protect their personal assets from business liabilities, while also considering...more

Trusts & Estates - Preventative Medicine for the Health of Your Estate

by Leora Ardizzone, David Schoenhaar | Ruskin Moscou Faltischek on 5/1/2013

Physicians and other licensed health care providers labor many years to build their practices. However, unlike many other businesses, a health care practice cannot be passed by will or otherwise to the provider's spouse or...more

Sutherland SALT Shaker: April 2013 Digest

by Mary Alexander, Andrew Appleby, Zachary Atkins, Madison Barnett, Todd Betor, Scott Booth, Christopher Chang, Timothy Gustafson, Saabir Kapoor, Jessica Kerner, Shane Lord, Pilar Mata, more +Suzanne Palms, Kathryn Pittman, David Pope, Maria Todorova, Jack Trachtenberg, Prentiss Willson | Sutherland Asbill & Brennan LLP on 5/1/2013

In this issue: - California Court of Appeal: No Man May Profit From His Own Wrongdoing in a Court of Justice - The (True) Object of My Affection: A Nontaxable Stock Screening Service - Alternate Universe...more

Doing Business in the U.S.

In This Issue: - Preface - Chapter 1 Choice Of A Business Entity - Chapter 2 Introduction To Federal Securities Laws - Chapter 3 From Let’S Go Shopping To Closing: U.S. M&A Process - Chapter 4...more

The FTB’s “Doing Business” Trap For Foreign LLCs With California Managers, Members Or Agents

by Keith Paul Bishop | Allen Matkins Leck Gamble Mallory & Natsis... on 4/8/2013

According to the California Franchise Tax Board, a limited liability company classified as a partnership must do all of the following...more

Legal Alert: A Trend Emerging? District Court Disallows $1 Billion of Deductions

by David Cho, Thomas Cullinan, Joseph DePew, Mary Monahan, Daniel Schlueter, Jeffrey Starkey | Sutherland Asbill & Brennan LLP on 4/4/2013

Earlier this year, the United States District Court for the Middle District of Louisiana upheld the Internal Revenue Service’s disallowance of $1 billion of deductions claimed by Dow Chemical in relation to two transactions...more

Tax Measures in 2013 UK Budget

by E.S. Kate Habershon, Katerina Heal | Morgan Lewis on 3/22/2013

UK government supports businesses, focusing on the UK's competitiveness while clamping down on tax avoidance and evasion. On 20 March, UK Chancellor of the Exchequer George Osborne released the UK's 2013 budget. The...more

How To Deal With Restaurant Partner Disputes

by Matthew Sanderson | Looper Reed & McGraw, P.C. on 3/21/2013

There are many motivations for restaurant creation and investment. However, these different desires can lead to conflict, so how are restaurant operators, owners, and investors supposed to resolve these conflicts? This post...more

NRA Gain On Sale Of Partnership Interest Treated As Creating Effectively Connected Income

by Charles (Chuck) Rubin on 3/18/2013

Nonresidents are generally not subject to U.S. income taxes on their capital gains if present in the U.S. for less than 183 days in the tax year. Code Section 741 treats the gain from the sale or exchange of a partnership...more

Treasury Finalizes Regulations on Noncompensatory Partnership Options

by Kevin Feeley, Patrick McCurry | McDermott Will & Emery on 2/27/2013

The U.S. Treasury Department recently released regulations on the tax treatment of noncompensatory options issued by a partnership, as well as proposed regulations addressing the threshold question of when a partnership...more

Tax, Benefits and Nonprofit Organizations Client Alert: New Tax Regulations on Noncompensatory Partnership Options

by Michael Anderson, Sean Clancy, Lindsay Faine, George Schutzer | Patton Boggs LLP on 2/24/2013

Overview - The Department of the Treasury (Treasury) and the Internal Revenue Service (IRS) issued final regulations (the Final Regulations), effective February 5, 2013, concerning the tax consequences of noncompensatory...more

New Tax Regulations on Noncompensatory Partnership Options

by Michael Anderson, Sean Clancy, Lindsay Faine, George Schutzer | Patton Boggs LLP on 2/22/2013

The Internal Revenue Service and Department of the Treasury published in the February 5, 2013 Federal Register final income tax regulations on noncompensatory partnership options (the “Regulations”). At the same time, the IRS...more

Insight on Estate Planning - February/March 2013: Strong governance enhances a family business’s value

by Adler Pollock & Sheehan P.C. on 2/21/2013

Too often, family members view their business as a source of wealth without making sure that the company is managed by those best suited for the job. Good governance — carefully documented in writing — can help ensure a...more

CFPB announces partnership with Navajo Nation

by Barbara S. Mishkin | Ballard Spahr LLP on 2/15/2013

Having previously announced partnerships with the Cities of Chicago and Newark, the CFPB has now announced its first partnership with a tribal government — the Navajo Nation. A Memorandum of Understanding between the CFPB and...more

New Jersey Enacts Tax Credit For Angel Investors

by Richard J. Horne, Andrew Segna, Brian Silikovitz | Lowenstein Sandler LLP on 2/14/2013

On January 31, 2013, Governor Chris Christie signed into law the New Jersey Angel Investor Tax Credit Act (the “Act”), which is intended to incentivize investment in New Jersey technology businesses. The Act provides tax...more

Pursuit of the Project

by Ian D. Shewen, Matthew J. Wilson | Lerners LLP on 2/12/2013

So you decided that you wanted to pursue funding through Infrastructure Ontario. Many applicants consider completing a project alone, however is this the only option available?...more

Financial Services Tax – UK Update from Dechert’s Tax Group - February 2013: FATCA Update – No Duplicate Reporting for Investment...

by David Gubbay, Daniel Hawthorne, Mark Stapleton | Dechert LLP on 2/8/2013

Following the execution of an inter-governmental agreement (or “IGA”) with the United States in September 2012 and a consultation exercise which closed in late 2012, HM Revenue & Customs (“HMRC”) recently published draft...more

More Law Firm Mergers in 2013 [Video]

by Bloomberg Law on 2/8/2013

Feb. 8 (Bloomberg Law) -- Law firm consultant Kent Zimmermann from the Zeughauser Group expects more major law firm mergers in 2013, he tells Bloomberg Law's Lee Pacchia. Firms fear they won't be able to grow organically fast...more

LPOs Stealing Deal Work from Law Firms [Video]

by Bloomberg Law on 2/8/2013

Feb. 8 (Bloomberg Law) -- Legal process outsourcers (LPOs) and other alternative legal service providers are beginning to take the bread-and-butter of large law firms -- handling whole mergers and acquisitions, not just the...more

Layoffs Coming to AmLaw 100 Law Firms [Video]

by Bloomberg Law on 2/8/2013

Feb. 8 (Bloomberg Law) -- Law firm consultant Kent Zimmermann of the Zeughauser Group tells Bloomberg Law's Lee Pacchia that partner layoffs at America's largest law firms are quietly picking up speed because of a lack of...more

Changes to Your Facility's Corporate Structure

by Kenneth L. Burgess | Poyner Spruill LLP on 2/7/2013

Thinking of selling your facility, or of changing your corporate entity from a partnership to a limited liability company, bringing in a new management company, or adding a new partner to your current partnership structure?...more

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"HMRC Turns Up the Pressure on UK LLPs"

HM Revenue & Customs Consultation Document Poses Significant Tax Challenges for Investment Management LLPs

Tax-Efficient Capital Vehicles for Unregulated Utilities: REITs, MLPs and Up-Cs Considered

Capital Infusion - May 2013: Tax Consequences: Noncompensatory Partnership Options

Which Entity Should I Form For My Business Enterprise?

Trusts & Estates - Preventative Medicine for the Health of Your Estate

Sutherland SALT Shaker: April 2013 Digest

Doing Business in the U.S.

The FTB’s “Doing Business” Trap For Foreign LLCs With California Managers, Members Or Agents

Legal Alert: A Trend Emerging? District Court Disallows $1 Billion of Deductions

Tax Measures in 2013 UK Budget

How To Deal With Restaurant Partner Disputes

NRA Gain On Sale Of Partnership Interest Treated As Creating Effectively Connected Income

Treasury Finalizes Regulations on Noncompensatory Partnership Options

Tax, Benefits and Nonprofit Organizations Client Alert: New Tax Regulations on Noncompensatory Partnership Options

New Tax Regulations on Noncompensatory Partnership Options

Insight on Estate Planning - February/March 2013: Strong governance enhances a family business’s value

CFPB announces partnership with Navajo Nation

New Jersey Enacts Tax Credit For Angel Investors

Pursuit of the Project

Financial Services Tax – UK Update from Dechert’s Tax Group - February 2013: FATCA Update – No Duplicate Reporting for Investment...

More Law Firm Mergers in 2013 [Video]

LPOs Stealing Deal Work from Law Firms [Video]

Layoffs Coming to AmLaw 100 Law Firms [Video]

Changes to Your Facility's Corporate Structure

More Law Firm Mergers in 2013 [Video]

LPOs Stealing Deal Work from Law Firms [Video]

Layoffs Coming to AmLaw 100 Law Firms [Video]

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