Have you ever wanted to be able to talk like a tax lawyer? Come on, not even a little bit? Below are ten tax code sections which govern entities taxed as partnerships distilled into their most basic concepts. For illustrative purposes throughout, let’s pretend you...

Occasionally, I am asked if a company can consider employee services as payment for stock. The thought process goes like this: On a date when ABC Inc. stock is worth $1 per share the company grants a share to each of Employee A and Employee B. The shares are either...

You founded a company and the time has finally come to sell. For years you’ve dreamt of the day when you can turn your illiquid stock into cold hard cash and buy a house on the beach and retire. Hang on tight, that day might not be here yet. It’s very common for a...