It’s a confusing time for those advising U.K. clients with interests in U.S. limited liability companies. The key question of the moment is whether a U.S. LLC is to be treated as a corporation or transparent for U.K. tax purposes. The answer is of crucial importance, since it will determine how, where, and at what rate profits are taxed, whether losses can be used, and whether a range of reliefs are available. Read the entire article here.

 Originally published by Tax Notes International, April 25, 2016