Buchanan Ingersoll & Rooney PC:  “There are new, significantly changed audit rules that apply beginning with your 2018 tax return. Every entity taxed as a partnership (which includes most LLCs) will have to take some action with respect to these new rules….In order to best protect your business and its owners, it is critical that your operating or partnership agreement(s) address these new audit rules. Every operating or partnership agreement should be amended.”

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