Under Internal Revenue Code Section 704, a partnership agreement is to determine a partner’s distributive share of the allocated tax items, such as income, loss, gain and credits.  This flexibility is, in part, what can make a partnership an attractive choice of entity for many small businesses or business owners.  However, it is also this...Read More

A business attorney at The McGuire Law Firm can assist you with forming a corporation, as well as business structure, contracts, tax matters & analysis and the sale, transfer or disposition of your business assets of interests.  The video below has been prepared by John McGuire, a business attorney regarding corporate formation in Colorado.  ...Read More

An IRS tax audit can be frustrating, confusing and scary!  You may be picked for audit at random, or maybe an item or multiple items on your return “red flagged” the tax return for audit.  The video below has been prepared by an attorney at The McGuire Law Firm to provide information regarding tax audits....Read More