Blog

02 Feb Can a Partner Be an Employee?

Posted at 16:25h in Blog by Michael E. Shaff

There is a real difference for employment and self-employment tax purposes between being a partner and being the employee of a partnership (references to a partnership include a limited liability company or a limited partnership). Partners are liable for making their own payments of self-employment...

31 Jan The Problematic Delaware Franchise Tax

Posted at 16:31h in Blog by Armen S. Martin

A lot of our clients freak out when they get their first franchise tax notice from the state of Delaware. It usually goes something like this “You told me my franchise tax in Delaware wouldn’t be more than $1,000. I just got a bill for...