This client alert digest discusses the flood of executive actions issued by President Trump during the first week of his second presidency and their profound effect on the construction industry. Immediate...
Unless covered by an exemption, securities offerings and sales in California must be qualified by the state. Apart from the standard exemption for covered securities, state- or federally-guaranteed securities...
Standby letters of credit are often used to provide security in commercial leases, secure construction requirements, or secure obligations assigned in commercial purchase and sales. They differ from commercial...
In today's fast-paced M&A landscape, clients rely on their deal counsel to possess a comprehensive understanding of transactional negotiations, encompassing the full range of typical buyer and...
Do you need guidance on structuring paid time off and paid sick leave policies covering fundamentals from basic policy elements (like accrual schedules, carryover rules, and usage requirements) to complex...
The allocations that partners establish in their partnership agreement determine each partner's distributive share. A partner’s distributive share is that fraction of a partnership's items of income, gain, loss, deduction, and credit that the partnership agreement allocates to that partner in a particular taxable year. The partnership agreement is the starting point for the Internal Revenue Code's analysis of the partners' distributive shares. Totally separate from a partner's distributive share is the partnership's actual distributions to a partner.
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