Limited Liability Companies (LLCs)

Limited liability companies (LLCs) offer a high degree of flexibility from both state law and tax law perspectives and statutory asset protection unmatched by use of corporations.  It takes tax expertise to identify the best possible tax structure and realize fully the unique tax benefits that an LLC can offer.

Our firm is experienced in forming LLCs and structuring LLC arrangements for clients.  We have drafted and amended Operating Agreements for businesses ranging from single-member LLC companies to sophisticated investor-led multi-member deals. We also assist with the tax aspects and state law implementation of conversions of other entities into LLCs and vice versa.

We render a range of structuring and drafting services that start with the fundamentals, progress to cover intermediate needs, and comprehensive full-scope services for sophisticated clients who recognize the benefit of skillfully documenting arrangements in writing.

We work closely with clients to develop a suitable ownership and management structure, operating framework for distributions and allocations of profits and losses, tax framework for operations and exit, fiduciary duties, intellectual property issues, dispute resolution mechanisms, and tax audit arrangements.

Recognizing the needs of tax partnerships, Ms. Petrova has developed an expertise in the new centralized partnership audit regime imposed by the Bipartisan Budget Act of 2015. Ms. Petrova has addressed the new IRS audit regime for partnership at continuing education courses for tax attorneys.