Flexibility is a key to the popularity of LLCs. Unlike the rigid corporate structure where shareholders choose directors and directors who, in turn, run the business, LLC offers the ultimate flexible management structures. Unfortunately, the gross revenue fees imposed on LLCs have led so many owners to look for other solutions (see « What is the annual cost of maintaining an LLC?) Jonathan C. Watts, Attorney at Law, is a unique business and tax law firm in the East Bay region. Watts has an advanced LL.M. degree in Tax Law and has years of experience representing businesses, partnerships, individuals and trusts in sensitive business and tax transactions in the San Francisco Bay Area. .