Choice of Entity After 2017 Tax Reform: Avoiding Tax Pitfalls in Operations, Ownership Changes, Exit Strategies
Capital vs. Profits Interest, Allowable Deductions, Distributions, Exclusions, and Other Planning Considerations
Note: CPE credit is not offered on this program
Recording of a 90-minute CLE webinar with Q&A
This CLE course will provide practical guidance to counsel and advisers on the challenges in the choice of a legal entity under the 2017 changes to the tax laws. The panel will discuss key provisions of the new tax law to be considered in entity selection, and avoiding the tax pitfalls in operations and asset or stock sales. The panel will also discuss capital vs. profits interest, allowable deductions and exclusions under the changed tax law, exit strategy planning, and other critical considerations for effective business planning.
Outline
- Key provisions of the 2017 tax law impacting choice of entity decisions
- Impact on business operations and available planning opportunities
- State law considerations in choice of entity
- Treatment of distributions based on the entity form
- Consequences and potential opportunities in changing entity form
- Effective exit strategy techniques to avoid pitfalls stemming from entity form
Benefits
The panel will review these and other critical issues:
- Tax and operational considerations for entity structuring
- Planning opportunities and allowable deductions and exclusions under new tax law
- State law considerations and planning opportunities
- The impact of different entity forms in structuring compensation
- Capital vs. profits interest and treatment of distributions based on entity structure
- Implications and opportunities in changing entity form
- Exit strategy techniques and avoiding unintended operational and tax consequences
Faculty
Susan Markey
Partner, Chair of Corporate & Securities Group
Maslon
Ms. Markey represents clients in general corporate, taxation, and nonprofit matters. She draws from a diverse... | Read More
Ms. Markey represents clients in general corporate, taxation, and nonprofit matters. She draws from a diverse background in government, accounting, and law to serve as a holistic business advisor, and strongly believes that tax and corporate advice should be both easy to understand and practical. Ms. Markey regularly counsels clients on mergers and acquisitions, business formation, joint ventures, and general corporate matters. She also frequently assists clients with tax controversies, audits, appeals, planning, and structuring, as well as researching tax law and drafting legal appeals and memoranda. Ms. Markey regularly writes and presents on corporate topics and most recently presented seminars on ownership disputes in closely held businesses, advanced tax strategies for M&A deals, and strategic risk assessment for complex commercial transactions.
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Joshua A. Sutin
Shareholder
Chamberlain Hrdlicka White Williams & Aughtry
Mr. Sutin helps clients unravel complex legal and business issues related to employee benefit plans, tax-exempt... | Read More
Mr. Sutin helps clients unravel complex legal and business issues related to employee benefit plans, tax-exempt organizations, and business tax planning. He counsels both businesses and not-for-profit organizations on the full range of tax and employee benefits issues.
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Alan J. Tarr
Partner and Chair, Tax Department
Loeb & Loeb
Mr. Tarr's practice focuses on tax planning for business transactions, including acquisitions and dispositions of... | Read More
Mr. Tarr's practice focuses on tax planning for business transactions, including acquisitions and dispositions of businesses, reorganizations, utilizing partnerships and limited liability companies, tax benefits for renewable energy, sophisticated real estate transactions, executive compensation, state and local taxation and audits and tax controversies.
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