The Mayo Law Group PLLC
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News

News

The Vitals of Operating Agreements

You need an experienced Spokane and Washington State Corporate and Business lawyer to assist you in navigating the treacherous minefield of the LLC operating agreement. The Mayo Law Group PLLC and Mack Mayo have extensive experience in this arena, represent more than fifty corporations and LLCs operating a wide variety of businesses, and can help you in the most cost-effective manner, to maximize your profits, protect your individual assets, and minimize your risks.

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The ins and outs of Washington Restaurant Law

The Mayo Law Group PLLC can assist with all legal services attendant to the restaurant and hospitality industry. Whether you’re operating a new restaurant, a bar, or a brewpub, we can help guide you through the important decisions to make a successful business while minimizing your risks. We have experience in navigating the plethora of federal, state, and local laws and regulations applicable to the restaurant and hospitality industry

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Mack Mayo
We want to start a brewery. How do we get federal approval?

You’ve got your investors. You’ve formed your LLC. There’s an operating agreement in place. You’re approved by the Secretary of State. You’ve got your financing in place. Now comes the fun part - applying for approval with the United States Alcohol and Tobacco Tax and Trade Bureau (“TTB”).

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Mack Mayo
How well does my legal entity protect me from personal liability?

You think you’ve done everything right. You’ve formed your company. You filed your annual reports. You got insurance for your company. You trained your employees. Yet, you’re sued individually. To what extent are your personal assets at risk? In other words, how strong is the “corporate veil”? The answer is: you’d be surprised.

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Mack Mayo
Your LLC tax classification affects how the IRS can audit and collect penalties

A new audit regime was introduced in the Bipartisan Budget Act (BBA) of 2015 relating to partnerships. Historically, partnerships or LLCs taxed as partnerships were audited by auditing the partnerships individually. Under the BBA, the IRS only audits the partnership itself and assesses penalties, interests, or adjustments to the partners within the year the audit was conducted.

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Mack Mayo
Are your LLC interests actually securities?

The Mayo Law Group has extensive experience in forming LLCs and providing guidance in member transactions of their interest units. For this reason, Mack Mayo has been selected for seven straight years as a Washington State Super Lawyer Rising Star and Top Spokane Lawyer, including for corporate and business law. We can assist in forming your LLC, registering with the department of revenue and IRS, preparing operating agreements, and navigating the often treacherous waters of LLC membership interest transactions.

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Mack Mayo