Private equity transactions refer to investments (and the sale or disposition of those investments) made by pooled investment vehicles (a private equity fund, venture fund, or other group of institutional...
Commercial Property Assessed Clean Energy (C-PACE) financing provides borrowers access to additional capital for constructing energy-efficient improvements. Private lenders offer C-PACE financing in most...
In the United States, federal and state banking laws and the regulations promulgated by federal and state banking regulators provide a comprehensive system that regulates and supervises the activities...
Learn about the litigation process set up by the Biologics Price Competition and Innovation Act (BPCIA) to facilitate resolution of patent disputes between reference product sponsors and biosimilar manufacturers...
Do you need to understand child labor law compliance best practices in light of recent developments in this area of the law spearheaded by Congress, the Department of Labor, and other federal and state...
The Internal Revenue Service has provided guidance clarifying the standards a limited liability company (LLC) must satisfy to receive a determination letter recognizing it as tax-exempt under I.R.C. Section 501(a) and as described in I.R.C. Section 501(c)(3). One requirement that must be met before a favorable determination letter is issued to an LLC is that both the LLC’s articles of organization and its operating agreement include certain provisions. The clarified standards issued by the IRS provide welcome guidance for taxpayers because the regulations under I.R.C. Section 501(c)(3) predate the enactment of the first LLC statute in the United States. I.R.S. Notice 2021-56, 2021-45 IRB 1 (Oct. 12, 2021).
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