The Albright decision: why a SMLLC is notThe recen an appropriate asset ptotection vehicle

Article Abstract:

The recent decision of the Colorado bankruptcy court in In re Albright accords that a single member LLC (SMLLC) may be flawed as an asset protection vehicle. The merits and the demerits of the Albright decision, and the law of changing orders are discussed.

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Restructuring of S corporation into limited partnership and limited liability company treated as "E" and "F" reorganizations

Article Abstract:

According to Internal Revenue Service's (IRS) rulings in Ltr. Rul. 200505010, restructuring of S corporation into limited partnership and limited company will be treated as "E" and "F" reorganizations for tax purposes.

Organizational history, Taxes, Taxation, Company restructuring/company reorganization, Reorganization and restructuring, Limited partnership, Limited partnerships, Tax policy, United States. Internal Revenue Service, Company organization

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Partners may exclude COD income in connection with partnership's chapter 11 bankruptcy

Article Abstract:

The law regarding cancellation of debt income of S corporations partnerships and bankruptcy chapter in The United States laws is explained. Few cases are also presented as example.

Government domestic functions, Interpretation and construction, Domestic policy, Amendments (Parliamentary practice)

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