Katie Wahl named a Principal with the Firm

Business, Tax & Real Estate, Katrina Wahl, Legal News, Press Releases, Press Releases

Pickrel, Schaeffer and Ebeling is pleased to announce that Katie Wahl has been named a Principal with the firm.  Katie has been practicing law for over 15 years and focuses on business and corporate law, as well as estate planning, probate (including estate administration and guardianships) and Medicaid planning.  As a corporate and business lawyer,…

Profits Interest vs Capital Interest – What’s the Difference?

Legal News, Legal News for Businesses, News, Senney Says by Jeff Senney

When an ownership interest in a partnership (or LLC taxed as a partnership) is transferred to a member in exchange for services, the tax consequences of such transfer are governed by partnership tax law.  Ownership interests in partnerships can be profits interest, capital interests or both.  Partnership tax law is quite complex, and there is…