Jason D. Navarino, Chair of the Firm’s Tax and Corporate Groups, recently presented at Lawline's webcast on "Tax Essentials for LLC Operating Agreements."
During the December 16, 2025 program, Jason discussed how the tax treatment of an LLC and its members is largely driven by the provisions of the operating agreement, an area that is often overlooked. He provided practical guidance on key topics including entity classification for income tax purposes, allocation of profits and losses, distributions, withholding and reporting obligations, and tax issues that arise in connection with membership interest transfers. The webcast also explored how operating agreements can be structured to ensure that tax-preferred profits interests are respected and how to navigate audits and tax proceedings. In addition, Jason addressed recent developments in tax law, including changes under the One Big Beautiful Bill Act, and explained how these updates should be reflected in well-drafted operating agreements to help clients achieve their intended economic and tax outcomes.
Learn more about Lawline's webcast here.