Restrictions on Distributions and Impact on DLOM...Who Else WIll Follow?

January 7, 2015 | Download PDF

In 2009 Nevada Senate Bill 350 was passed into law. This law authorized the creation of two new business entities: the Restricted LLC and Restricted LP. The bill also allowed for the conversion of existing entities into one of the above types. In this article, Eric J. Barr provides an overview of these two entities, explains the advantages of such restricted pass-through-entities, and whether the IRS will respect the valuation implications of Nevada senate bill 350's statutory restrictions.

This article appeared in the January version of the Quick Read Buzz.  

This article originally appeared under the firm of Fischer, Barr & Wissinger LLC (FBW), now part of Marks Paneth LLP.

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