Interest Expense Related to Acquisition of a Pass-through Entity

When acquiring an interest in a pass-through entity, such as an interest in a partnership or an S corporation, an acquisition made by an individual using borrowed funds leads to the question of if/how you deduct the interest expense on the acquisition debt. First, yes, you can get tax benefits from the interest expense incurred …

Keep Reading

Well Written Shareholder Agreements Avoid Costly Litigation

“A shareholder agreement is an understanding between shareholders and a corporation, under the law, about various aspects ranging from the shareholder duties to rights, in relation to the company. The shareholder agreement is the basis of company inception and paves the way for its future course. It lays down the guidelines about the duties and …

Keep Reading