Limited Liability Companies: Losses, Liquidations, Terminations, Continuations, and Sales (ACL4)
June 2nd, 2025 - June 2nd, 2025 @ 1:00 PM-4:30 PM
| Member Price |
$219 |
| Non-Member Price |
$249 |
|
|
|
Credits
4
Description
The purpose of this course is to provide an in-depth discussion of selected advanced-level issues affecting LLCs and LLPs.
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
Major Subjects
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
Prerequisites
A beginning course in LLCs/partnerships; experience with LLC/partnership clients
