Category: LLCs

  By: Tamara Pow Before you make a contribution to an LLC in exchange for a membership interest, beware that some member contributions to LLCs are taxable. For a limited liabilty company (“LLC”) taxed as a partnership, the general rule is that members do...

  By: Tamara Pow In addition to income tax considerations on forming a limited liability company (“LLC”) in California and making contributions to the LLC, potential LLC members should keep in mind that income they receive from their LLC may be subject to self-employment...

By: Tamara Pow Although I do not practice estate planning law, as a limited liability company lawyer (“LLC lawyer”) in San Jose, I have worked with estate planning attorneys to form many LLCs for families that want to include them in their estate plan....

  By: Tamara Pow As a real estate attorney in Silicon Valley, I represent a lot of real estate investors that hold their properties in LLCs. One of the biggest and most expensive mistakes LLC members can make when transferring property to or from...

By: Serge Filatov I’ve written previously about sole proprietorships and general partnerships as forms of businesses for the small business owner here in San Jose and Silicon Valley. However, as mentioned before, those forms of businesses are not ideal because they expose the business...

A limited liability company , or “LLC”, is a business structure that operates like a partnership but whose members are not personally liable for the company’s debts. The income of an LLC is treated as the income of the investors or owners of the...