The most prominent tax characteristic of a partnership or LLC is that these entities are flow-through entities for tax purposes. Consequently, the entities do not pay taxes themselves. Rather, they report...
Hotel and hospitality acquisitions generally include additional operational concerns such as employee transitions, food and beverage operations, inventory, and guest baggage turnover, as well as franchise...
When drafting and negotiating an acquisition agreement, counsel should address potential issues arising from allegations of fraud to avoid potentially complex, time-consuming, and costly disputes after...
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Real estate joint ventures are formed between two or more entities to purchase, develop, and manage real property. Due to the complexity of these ventures, parties typically enter into a joint venture agreement to allocate and share the associated responsibilities, liabilities, expenses, and profits. Check out this waterfall distribution clause for a joint venture agreement providing for the order in which available excess cash or proceeds of the joint venture will be distributed to the members.
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