The Tax Adviser

Changing an existing LLC’s federal income tax classification

LLCs changing from partnership tax treatment to corporation or vice-versa may encounter issues including gain recognition.
JD Supra

Court Grants Garnishment of Unlawful Distributions and Transfers to LLC Members

Garnishment is a tool used by judgment creditors to collect on a judgment owed by the debtor-defendant. Property subject to garnishment includes monetary obligations owed by a third party to the ...
Business Wire

Columbia Property Trust Announces Tax Treatment of 2021 Distributions

NEW YORK--(BUSINESS WIRE)--Columbia Property Trust, Inc. announced the tax treatment of its 2021 distributions. The company’s total distributions per share of common stock (CUSIP # 198287 203) are to ...
Forbes

Avoiding Charging Order By Not Making Distributions Leads To Contempt Charges In SE Property

Baldwin County courthouse in Bay Minette, Alabama, where this case took place. In October of 2010, SE Property Holdings LLC (SEPH) obtained a judgment in Alabama state court for a little more than $9 ...