LeClairRyan Bankruptcy Highlights Pass-Through Tax Issue
Law 360 M&A
JUNE 22, 2022
A Virginia bankruptcy court's recent ruling in the case of defunct law firm LeClairRyan shows there may be serious tax consequences for pass-through entity partners who give up their ownership interest without following operating agreement exit provisions and updating bankruptcy court filings, say Edward Schnitzer and Hannah Travaglini at Montgomery (..)
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