Monday, January 21, 2019, 2:30-3:30pm
Choosing the right entity for a closely-held business is not about a single point in time but planning for that business over long stretches of time and the likelihood of substantial change.
One of those changes is the change wrought by tax law, specifically the recently enacted tax reform legislation.
The new law substantially alters familiar tax law considerations when choosing the right entity for client goals, particularly when considering a range of pass-through entities.
These and a multitude of other considerations often involve a sophisticated tradeoff of benefits and costs.
This program provides a practical guide to sophisticated choice of entity considerations, including detailed consideration of the new tax law.
Part 1 topics include:
- Advanced choice of entity considerations – management, tax, finance, regulatory, employee benefit and other considerations
- Impact of industry norms, investor expectations, and regulatory requirements on choice of entity
- Management and information rights, and the ability to restrict
- Fiduciary duties and liability of owners and managers, and the ability to modify these duties
- Economic rights – choosing among capital rights, income rights, tracking rights
- Special considerations for service-based businesses
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