Use of series LLCs rising after IRS issues regs

Uncategorized | Use of series LLCs rising after IRS issues regs

Great article that has info on both the use of series LLCs, taxation issues and legitimate business purpose. – Ike Devji

Recently issued proposed regulations on domestic series limited liability companies should help give taxpayers and their advisors a bit more confidence in using series LLCs as a method of dividing a business venture into a variety of units to accomplish a variety of objectives.

See the original Article Here:http://www.webcpa.com/ato_issues/24_14/use-of-series-llcs-rising-after-irs-issues-regs-55854-1.html?ET=webcpa:e1105:134343a:&st=email&utm_source=editorial&utm_medium=email&utm_campaign=WebCPA_Daily_110210

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