Effective January 1, 2018, the IRS changed its rule from requiring entities taxed as a partnership to designate a “Tax Matters Partner” to requiring a “Partnership Representative”. The change is more significant than nomenclature. The change is important because it endues significantly more authority to the Partnership Representative to bind the …
partnership
Stroud’s Pan Fries A New Relationship
Our longtime client Stroud’s Restaurant has entered into a relationship with the local family of restaurants operated by K.C. Hopps, Ltd. This partnership will lead to increased awareness of the Stroud’s name and intellectual property. Owner Mike Donegan entered into the arrangement in order to expand the famous chicken restaurant’s brand and be …
