Surgent's The Complete Guide to Liquidation of Business Entities

Overview

Liquidations may be used as an alternative to the sale of a business or as an adjunct to the sale of business assets. The objective of this course is to fully explore the technical tax and business issues in liquidating C corporations, S corporations, partnerships, and limited liability companies. This unique course is essential for anyone planning to sell a business.

Prerequisites

A basic course in partnerships/LLCs, S corporations, and C corporations

Objectives

• Describe the tax consequences to a corporation and its shareholders of a complete liquidation
• Discuss alternatives to liquidation
• Understand the particular issues in the liquidation of an S corporation
• Consider the options available on complete liquidation of a partnership or LLC

Highlights

• The impact of recent legislation
• Unique planning opportunities and tax traps involved in the liquidation of a business entity
• Installment sales and the big hurdles to favorable tax treatment in liquidation
• Form 966 and its importance
• An analysis of liquidation timing
• Strategies to pursue in light of the tax rates on dividends and capital gains
• The special problems of liquidating subchapter S corporations
• Key planning issues and benefits in liquidating partnerships and limited liability companies
• Expansion of the carried interest provisions of Rev. Proc. 93-27