How to Streamline Fixed Assets Transfer and Management
The partnership and limited liability company (LLC) ownership structures are increasingly popular choices for businesses of many types and sizes. The reasons for this are myriad, including: liability exposure, tax advantages, control of the business, flexibility, and ease of reporting.
While these types of company structures have many advantages, there is one situation that can trigger a significant amount of additional work for company tax departments: a technical termination.
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