Badyal Law Blog
Legal Insights and NewsDon’t Ignore the RULLCA Time Bomb
Don’t Ignore the RULLCA Time Bomb On January 1, 2014, the California Revised Uniform Limited Liability Company Act ("RULLCA") came into effect. Many LLCs organized or operated in California have failed to take account of the drastic changes imposed by RULLCA. The...
read moreCRS: Difference between an Import Tariff and a Border Tax.
CRS: Import Tax v Border Tariff
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New Partnership Uniform Audit Rules – Partnership Agreement Drafting Considerations
The Bipartisan Budget Act of 2015 (the “BBA”) enacted a new partnership uniform audit regime that applies to all partnership audits (including audits of most LLCs) for tax years commencing January 1, 2018 or later. Partnership Representatives One big change under the...
read moreNew Partnership Audit Rules – Electing Out
The Bipartisan Budget Act of 2015 (the “BBA”) enacted a new partnership tax audit regime that applies to all partnership audits for tax years commencing January 1, 2018 or later. The new regime includes many provisions that are unfavorable to taxpayers undergoing an...
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U.S. Taxation of Nonresident Entertainers & Athletes
The United States craves entertainment and reveres talent, making the country a fertile source of income for foreign entertainers and athletes. Such income often comes from performances or professional competitions, but celebrities also earn income from endorsements....
read moreProviding Employees Equity Compensation
One of the most common issues early stage businesses face is how to structure equity compensation. In addition to the question of how much equity to provide employees, the issue presents tax, corporate and securities law compliance issues. Below is a brief overview...
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