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...If you have assets in US trusts or limited liability companies, there can be significant mismatches in their tax treatment....
...The reorganised WPG is structured as a limited liability company, which typically offers fewer fiduciary protections to minority shareholders than a traditional corporation....
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...companies run by its limited partners, a spokesperson said....
...which — perhaps unbeknown to them — are written into trust; private company shares held in trust, as part of a tax planning arrangement; or, more simply, where a grandparent is holding shares as a nominee...
...The firm helped J&J create a limited liability company in Texas, forming the subsidiary that would take on the baby talc claims....
...Because I would assume that companies are going to explore this and they’re going to threaten to do this Texas two-step,” said Jared Ellias, professor at Hastings College of the Law, University of California...
...“If the Supreme Court overturns abortion rights, patients won’t just have to cross one border — they might have to go three or four states away,” said Elizabeth Nash, associate director of state issues at...
...She has remained obstinate about getting a job since being fired back in 2015. Following the pandemic, we realised we can no longer rely upon our limited savings....
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