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Limited Liability Companies: Losses, Liquidations, Terminations, Continuations, and Sales - VIRTUAL

Overview

The purpose of this course is to provide an in-depth discussion of selected advanced-level issues affecting LLCs and LLPs.

Prerequisites

A beginning course in LLCs/partnerships; experience with LLC/partnership clients

Objectives

  • Identify when distributions are taxable, including disguised sales and the tax on pre-contribution gain
  • Discuss the tax consequences of a liquidation of a partner's interest
  • Describe the options when a partnership terminates or continues following an acquisition or merger
  • Explain the tax consequences of a sale of an interest and distinguish such consequences from the tax consequences when a partnership or LLC is acquired or merges into another LLC or partnership
  • All four of the above bullet points offer options; the practitioner must understand the various tax consequences of the options

Highlights

  • When are distributions taxable?
  • Miscellaneous issues, including the critical difference between 736(a) and 736(b) payments
  • Sales of an LLC interest -- holding period and hot asset issues
  • Tax Cuts and Jobs Act of 2017 partnership and LLC provisions, including latest updates on 199A as it shakes itself out

Register Now

Materials are generally available 3 days in advance of an event. Once you have downloaded the manual, we are unable to cancel your registration.

Event Code:

ACL41214

4 CPE Credits
Tax: 4 Credits

Registration

Member Price:
$169 $194
Non-member Price:
$219 $244
    Register by November 30th for Early Bird Pricing.

    Registration is open through 12/13.

    Tuesday, December 14th

    1:00pm to 4:30pm
    (Check-In 12:30pm)

    Add to Calendar

    Instructor

    John Lawrence