On May 28th, the U.S. Tax Court issued a decision in Soroban Capital Partners LP v. Commissioner (T.C. Memo 2025-52) holding that all of the ...

In an entity that provides "limited liability", the business owners are not personally responsible for business debts, liabilities and obligations. Therefore, if the business is sued, then only the ...

Business owners can protect their personal assets from the debts and obligations arising from operating a business by incorporating as a corporation or organizing as a limited liability company.

In certain circumstances, two or more people organize their business as a limited liability partnership to receive some unique benefits. LLPs are often used by professional services businesses ...