IRC Section 707(c): Federal tax provision specifically governing guaranteed payments to partners/members in partnerships and LLCs, defining tax treatment and requirements
IRC Section 162: Federal tax provision regarding business deductions, relevant for determining deductibility of guaranteed payments
IRC Subchapter K: Comprehensive federal tax regulations governing partnership taxation, including treatment of LLC guaranteed payments
State LLC Acts: State-specific legislation governing the formation, operation, and management of LLCs, including payment structures
State Business Organization Laws: General state laws governing business entities, their operations, and obligations within the state
State Tax Regulations: State-specific tax rules regarding guaranteed payments and their treatment for state tax purposes
Fair Labor Standards Act: Federal law establishing standards for employment relationships, relevant if guaranteed payment recipient provides services
State Labor Laws: State-specific regulations governing employment relationships and compensation
Independent Contractor Classification Rules: Federal and state guidelines for determining whether a payment recipient is an employee or independent contractor
Securities Act of 1933: Federal law governing securities transactions, relevant if guaranteed payment arrangement could be considered a security
State Securities Regulations: State-specific rules governing securities transactions and investments
State Contract Laws: General state laws governing formation and enforcement of contracts
Uniform Commercial Code: Standardized state laws governing commercial transactions
State Fraudulent Transfer Laws: State regulations protecting creditors from fraudulent transfers, relevant for guaranteed payment structures
Bankruptcy Code: Federal laws governing bankruptcy proceedings and creditor rights, relevant for guaranteed payment obligations
