Buying and Selling Partnerships, LLCs and Other Similar Entities

Training Provided by Lorman Education Services BenefitsCorporations and alternative entities have distinctly different frameworks for defining the tax, economic and management rights and obligations of their equity owners. But oftentimes business people and their advisors structure and negotiate purchases and sales of equity interests in alternative entities using concepts from the corporate model. Failing to account for the differences between the corporate model and the alternative entity model may result in transaction documents that do not accurately reflect the parties' intent and may result in unexpected, adverse tax consequences to the parties. This teleconference will identify some of the major differences between the corporate model and alternative entity model, and specific issues to address and pitfalls to avoid when structuring the purchase and sale of an equity interest in an alternative entity, such as a partnership or limited liability company taxed as a partnership. Accountants, attorneys, presidents, vice presidents, controllers, business owners and managers, finance executives, brokers, tax managers, enrolled agents and financial planners

About The Training Provider: Lorman Education Services