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Kal Dargan

With a sharp business focus born of his years in-house, Kal negotiates tirelessly for clients and strategically develops creative tax solutions at all stages of the business lifecycle. Kal has broad experience across the spectrum of federal income tax law. His practice focuses on complex tax structuring and the tax implications of business transactions. Clients appreciate his strong commercial focus, his creative and analytical strategies, and his solutions-focused approach.

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The Senate Finance Committee recently released its own draft of the “One Big Beautiful Bill Act” (the Bill) previously passed by the House as H.R. 1. Both the House and Senate versions of the Bill impose restrictions on Inflation Reduction Act (IRA) tax credits based on “material assistance” from “Foreign Entities of Concern” (FEOCs). The House version lacked significant details on what “material assistance” was. The Senate Bill provides significant details on the structure and operation of the restrictions.

Whether at 7-11 or at your local grocery chain, functional beverages line the aisles, touting their nutritional and health benefits. The functional beverage industry is becoming big business, but as this industry bubbles up, emerging brands need to think about the best corporate structure to hold their product.

Below, we have provided some pros and cons of three (3) standard corporate structures often considered by early-stage businesses: limited liability companies, S corporations, and C corporations.