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This narrow reading of the state’s expense allocation provisions, and the federal tax laws on which they are based, often produces incongruous results and assessments which, even auditors may agree, are not logical and don’t make good business sense. [read post]
23 Nov 2020, 4:25 am by Peter Mahler
Yelp reports that 60% of closed restaurants won’t re-open. [read post]
9 Nov 2020, 3:31 am by Peter Mahler
That’s the hard lesson learned by the 49% LLC member in Lard-PT, LLC v Seokoh, Inc., 2020 NY Slip Op 51208(U) [Sup Ct NY County Oct. 20, 2020], in which Manhattan Commercial Division Justice Andrew Borrok denied the 49% member’s summary judgment motion based on findings that put the 51% member on a winning path. [read post]