California Franchise Tax Board

Several of our clients have in the past created Nevada limited liability companies (LLC’s) or Nevada limited partnerships (LP’s) with the intent of holding investment or vacation properties located in California.  Prior to 2011 the idea of a Nevada entity merely holding investment property in California would not have triggered any California taxes because the entity would not […]
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Nevada Supreme Court Case Protects Nevada LLC Members

The Nevada Supreme Court recently issued a ruling in the court case Weddell v. H20, Inc.  The case addressed the rights of LLC members where a creditor has obtained a charging order against a member of the LLC.  A charging order is a remedy for creditors which directs the LLC to make any distributions to the judgment creditor rather […]
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