Blog

Master Limited Partnership is a limited partnership that is traded on the public exchanges just like corporate stock. A share in an MLP is called a “unit,” and its investors are “unitholders.” They are also…

Are Husband-Wife Businesses Partnerships?

If both husband and wife jointly own an unincorporated business and share in the profits and losses, each spouse is a partner in a partnership even if the couple does not have a formal partnership…

Income Allocation When a Shareholder Terminates His Interest in an S Corporation During the Taxable Year

When an S Corporation shareholder’s interest is terminated during the year, the shareholder’s allocation of income, losses, and deductions is generally computed by applying percentage to the full-year activity of the corporation. Terminating interest in…

What Is Foreign Qualification and Its Importance?

If you plan to operate your business, open a bank account, hire an employee, hold an asset, etc., in any state other than the state of incorporation or organization, you may be required to foreign…

What Is The Average FTB Processing Time of Personal Tax Returns?

How long it takes to process personal returns depends on how the California Franchise Tax Board or FTB receives them. Your actual experience may be different since the processing time is also affected by time…

DISCLAIMER

All contents provided on this Ladinez & Company, PC site is for informational purposes only. We make no representations as to the accuracy or completeness of any information on this site or found by following any link on this site. We will not be liable for any errors or omissions in this information nor for the availability of this information. The owner will not be liable for any losses, injuries, or damages from the display or use of this information. This terms and conditions are subject to change at anytime with or without notice.