Planning for Business Exits from C Corporations; Intra-family Business Transactions; Other Developments

December 18, 2019

Lower C corporation income tax rates have increased attention to the Code Sec. 1202 exclusion for gain on the sale of stock. Learn how the Code Sec. 1202 exclusion works, how it applies when a business changes from another entity to a C corporation, how it affects a C corporation’s business structure, and how it compares to other business exit strategies.

Also, learn how to move from corporate status to a partnership once the tax benefits of being a C corporation has run its course. Review the impact of Dynamo Holdings Ltd. Partnership v. Commissioner, T.C. Memo. 2018-61, which addresses sales and loans between businesses owned by related parties. It limits the application of a taxpayer-friendly 2009 case on business transfers but also provides hope for those with relaxed documentation of loans.

Speakers: Steve Gorin, Esq., a Partner at Thompson Coburn LLP, Jonathan Blattmachr, Esq. and Martin Shenkman, Esq.

Sponsor: Interactive Legal and Peak Trust Company.

*There are no professional advancement credits (CPE, CLE, etc.) offered for viewing this webinar.

*This may constitute attorney advertising