Under the 752 Treasury Regulations, if through a single transaction, a partner incurs both an increase and a decrease in the partner’s share of the partnership liabilities, only the net increase is treated as a contribution of money and only the net decrease is treated as a distribution of from the partnership.  Below is an...Read More

Partnership agreements or operating agreements may call for special allocations of items of income, gain, loss, deductions or credits to specific partners.  The video below has been prepared by a business attorney at The McGuire Law Firm to provide general information regarding special allocations.   Contact The McGuire Law Firm to speak with a business...Read More

A Denver business attorney at The McGuire Law Firm can assist you with your business needs.  From business formation and contracts to tax analysis and the sale or transfer of your business, a business attorney at The McGuire Law Firm can assist you!  The video below has been prepared to provide general information regarding a...Read More

Under Internal Revenue Code Section 704, a partnership agreement is to determine a partner’s distributive share of the allocated tax items, such as income, loss, gain and credits.  This flexibility is, in part, what can make a partnership an attractive choice of entity for many small businesses or business owners.  However, it is also this...Read More

A business attorney at The McGuire Law Firm can assist you with forming a corporation, as well as business structure, contracts, tax matters & analysis and the sale, transfer or disposition of your business assets of interests.  The video below has been prepared by John McGuire, a business attorney regarding corporate formation in Colorado.  ...Read More

A business attorney and tax attorney at The McGuire Law Firm can assist you with your business matters, tax questions and other related issues.  John McGuire has an LL.M. in taxation, which is beneficial as he works with small business owners and small businesses.  The video below has been prepared by John to provide information...Read More

If you are considering forming a partnership, you may want to discuss the tax and business implications with an attorney.  The video below provides general information regarding the formation of a partnership, but you should discuss your specific business issues and questions with an attorney.   Contact The McGuire Law Firm to discuss your business...Read More

An S corporation is a common business entity for many small to medium sized businesses.  The video below has been prepared by a business attorney in Denver, Colorado to discuss some general issues regarding an S corporation.   You can discuss your business needs with a Denver business attorney by contacting The McGuire Law Firm.Read More

A business attorney and tax attorney at The McGuire Law Firm can assist you with your business and tax matters.  The world of business is so intertwined with tax matters and law, your business attorney should have a background in taxation.  Contact The McGuire Law Firm to speak with a Denver business attorney and tax...Read More

Limited liability companies (LLC) have been very popular entity choices in recent times.  An LLC can be very flexible in terms of profit, loss and other item allocation, and other membership issues.  However, as a business attorney, I am often asked, how do I form an LLC?  Thus, I have drafted the article below to...Read More