248 Planning and Forecasting expected that the managers of an LLC will be held to the same fiduciary standards as corporate directors and general partners of limited partnerships, resulting in their potential personal liability to the members. TAXATION Entrepreneurs make a remarkable number of significant business decisions without first taking into account the tax consequences. Tax consequences should almost never be allowed to force an entrepreneur to take actions he or she otherwise would not have considered. But often tax considerations lead one to do what one wants in a different manner and to reap substantial savings as a consequence. Such is often.
