Though partnerships and limited liability companies (LLCs) are popular with taxpayers, thanks to their flexible structures, they also come with some of the most complex tax issues. This happens because that highly desired flexibility is laden with special rules and exceptions. Wright Ford Young & Co. can help you cut through the red tape and make informed decisions about your partnership/LLC, whether the topic is special allocations of income and losses or how to treat appreciated property.
When forming a new partnership or LLC, the exit strategy may be just as important as the formation strategy. That’s why we provide value to our clients through proactive planning in the early stages of their partnerships/LLCs. We also partner with our clients throughout the life of their entities by encouraging them to contact us before making any large-scale decisions. Through close communication, we can help you consider all potential economic and tax consequences.
We provide the following partnership/LLC tax services:
- Income tax planning
- Income tax preparation
- Choice of entity and business structure planning
- Review of partnership and LLC operating agreements
- Partnership mergers, acquisitions, and divisions
- Multistate issues
- International issues
- Research and development credits
- Succession planning
- IRS and FTB audit representation