Summary: | Written by a team of experts, this book explains conversions of existing partnerships and corporations to limited liability companies with in-depth legal, tax, and practical implications. it also details procedures from start to finish, including knowing when to use, how to form, and how to dissolve limited liability companies with federal tax treatment of each step. Topics discussed include: Comparing LLCs to S Corporations and Partnerships and exploring the reasons LLCs may want to elect to be taxed as corporations Forming the LLC Withholding taxes on payments to foreign LLCs Converting accounting and law firms to LLPs Dissolution and Liquidation and more.
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