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Key Cases on Valuation of Pass-Through Entities: The Later Years

IRS establishes new pass-through division to tax high earners

The Internal Revenue Service (IRS) is setting up a new division with the billions in new funding it received in the Inflation Reduction Act to go after uncollected taxes sheltered in companies that pass their tax liability through to their individual owners. These kinds of businesses are known as “pass-through entities” and often take the…

Can a foreign-qualified LLC or corporation change its entity type?

At some point in a business's lifetime, it may make sense to change its legal business structure.

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