Download or read book The Tax Consequences of Partnership Break Ups written by Daniel L. Simmons and published by . This book was released on 2013 with total page 81 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Article is a practical exploration of the tax consequences of the alternatives for reducing a partner's interest: by sale or by a liquidation distribution. Partnerships and limited liability companies do not last forever. Indeed, there comes a point in the life of many partnerships when it is time to retire or to eliminate the interest of one or more partners. There are essentially two forms of transactions for reducing or terminating the interest of a partner: a sale of the partner's interest to another partner or a third party or a distribution from the partnership in liquidation of the partner's interest. In some cases the economic effect of a sale or distribution will be the same. The binary nature of this choice, however, is deceptively simple. The variable tax consequences inherent in sales and liquidations of a partner's interest raise some of the most complex issues in tax law that involve both technical and numerical challenges. In addition, although these issues arise at the reduction or termination of an interest, planning at the formation of a partnership is critical to resolution of questions about the termination of a partner's interest. With examples, the Article is an attempt to guide the practitioner through an analysis of the statutory and regulatory rules affecting the taxation of sales and liquidation of a partner's interest looking at the tax consequences to both the partners and the partnership. Although the Article is not an attempt to achieve the impossible -- simplifying the excruciatingly complex analysis -- the article tries to provide an analytical foundation for the myriad of difficult questions that arise on the context of removing a partner's interest.
Download or read book The Logic of Subchapter K written by Laura E. Cunningham and published by . This book was released on 1996 with total page 308 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book S Corporation Cash Out Break Ups and Code Sec 1031 Exchanges written by Bradley T. Borden and published by . This book was released on 2018 with total page 6 pages. Available in PDF, EPUB and Kindle. Book excerpt: Many legacy S-Corporations (those with real property purchased before the advent of LLCs) still own real property with the prospect of selling or transferring it as part of a generational change in ownership. With such dispositions, the owners may have different objectives for the use of the property's sale proceeds and may wish to part ways. Many tax advisors are familiar with techniques that apply to similar types of break-ups of partnerships and LLCs, which allow some parties to exchange property tax free under Code Sec. 1031 while others cash out. S-Corporation break-ups are taxed differently from partnership and LLC break-ups, so the same types of transactions that are tax-free in the partnership or LLC context could trigger gain recognition for members of S-Corporations. This article presents the rules governing S-Corporation break-ups and illustrates how some cash-out break-ups of S-Corporations can trigger gain recognition for all members, including those who wish to do a Code Sec. 1031 exchange with their shares of the sale proceeds. The article also identifies some planning techniques that might be available in some situations to help mitigate the effects of the taxable S-Corporation break-up.
Download or read book Research Handbook on Partnerships LLCs and Alternative Forms of Business Organizations written by Robert W. Hillman and published by Edward Elgar Publishing. This book was released on 2015-08-28 with total page 514 pages. Available in PDF, EPUB and Kindle. Book excerpt: While the partnership has been a viable alternative to incorporation for centuries, the much more recent limited liability company (LLC) has increasingly become the business organization of choice for new firms in the United States. This Handbook inclu
Download or read book Tax Withholding and Estimated Tax written by and published by . This book was released on 1999 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Publicly Traded Partnerships written by Matthew W. Lay and published by . This book was released on with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: " ... analyzes in depth the U.S. federal income taxation of publicly traded partnerships and their partners"--Portfolio description.
Download or read book Structuring and Drafting Partnership Agreements written by and published by . This book was released on 2003 with total page 1548 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Model Rules of Professional Conduct written by American Bar Association. House of Delegates and published by American Bar Association. This book was released on 2007 with total page 216 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Model Rules of Professional Conduct provides an up-to-date resource for information on legal ethics. Federal, state and local courts in all jurisdictions look to the Rules for guidance in solving lawyer malpractice cases, disciplinary actions, disqualification issues, sanctions questions and much more. In this volume, black-letter Rules of Professional Conduct are followed by numbered Comments that explain each Rule's purpose and provide suggestions for its practical application. The Rules will help you identify proper conduct in a variety of given situations, review those instances where discretionary action is possible, and define the nature of the relationship between you and your clients, colleagues and the courts.
Download or read book In Re Wilson written by and published by . This book was released on 1985 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book A Guide to Limited Liability Companies written by Michael E. Mares and published by . This book was released on 1995-01-01 with total page 4 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Takeovers and Freezeouts written by Martin Lipton and published by Law Journal Press. This book was released on 2023-12-28 with total page 1168 pages. Available in PDF, EPUB and Kindle. Book excerpt: Takeovers & Freezeouts addresses important legal developments concerning topics such as: Sarbanes-Oxley, reducing vulnerability to hostile takeovers, specific responses to overtures and takeover bids.
Download or read book Finance Act 2011 No 3 written by Alan Moore and published by Tax World Ltd. This book was released on with total page 82 pages. Available in PDF, EPUB and Kindle. Book excerpt: Finance Act 2011 No. 3 - The Irish tax law updates for the year 2011 No. 3
Download or read book Form a Partnership written by Denis Clifford and published by Nolo. This book was released on 2020-08-21 with total page 297 pages. Available in PDF, EPUB and Kindle. Book excerpt: The nuts-and-bolts guide to forming a partnership A solid partnership agreement is the foundation for a lasting and successful business partnership. Don’t skip this essential step, or you might run into major problems later. Form a Partnership helps you create the agreement you need for your shared business venture. It takes you through the important issues, then helps you write your own partnership agreement tailored to your needs, clause-by-clause. The book covers: cash, property, and service contributions financial and tax liabilities how partners will make decisions allocating profits and losses admitting new partners what happens if a partner wants out buying out a partner’s interest the death of a partner and much more. The 11th edition—completely updated to reflect current law and business issues—provides the forms, worksheets, and legal information you need to create a partnership agreement. With Downloadable Forms: download and customize partnership agreements (details inside).
Download or read book Form a Partnership written by Denis Clifford and published by NOLO. This book was released on 2006 with total page 279 pages. Available in PDF, EPUB and Kindle. Book excerpt: Many people dream of going into business with friends or family. What's involved in forming a partnership? How does one write a partnership agreement? This helpful book covers all the important partnership issues such as: · Financial and tax liabilities · Contributions of cash, property or services · Expanding a partnership to include others · Buyout agreements · Valuing assets Readers can take advantage of the standard partnership clauses provided or create their own customized agreement. All the forms for creating a partnership agreement are provided, both on CD-ROM and as tear-outs.
Download or read book The Law in Plain English for Small Business Sixth Edition written by Leonard D. DuBoff and published by Simon and Schuster. This book was released on 2022-11-08 with total page 287 pages. Available in PDF, EPUB and Kindle. Book excerpt: “Well written and logically organized.” —Booklist. This handbook makes planning and problem-solving easy with its clear explanations of complex issues. In The Law (in Plain English)® for Small Business, Sixth Edition, Leonard DuBoff guides entrepreneurs and small business owners through the maze of legal obligations and protections they need to understand. Chapters cover important topics such as: Licenses Trademarks Insurance plans Franchising Incorporating Advertising eBusiness considerations Taxes Succession planning Whether one is just about to open a small business, reassessing an existing business, or simply have a few questions, The Law (in Plain English)® for Small Business, Sixth Edition, is the go-to resource for small business owners and entrepreneurs.
Download or read book Partnership Taxation written by Joni Larson and published by . This book was released on 2013 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: View or Download the 2018 Update by clicking here. This textbook breaks the complex world of partnership taxation into manageable groupings. Within each group the topics are presented in an organized and easy-to-follow manner. Each topic covered includes numerous examples and practice tips and raises questions about the actual application of specific rules. At the end of each grouping, students are encouraged to bridge the gap between the technical rules and real-life application by applying the rules to a comprehensive fact pattern. The second edition incorporates the latest information on the treatment of start up expenses, the special allocation rules, and qualified joint ventures. It also includes a series of practitioner checklists.
Download or read book A Nurse Practitioner s Complete Guide to a Successful Medical House Call Practice written by and published by Medical Practice Marketing. This book was released on with total page 598 pages. Available in PDF, EPUB and Kindle. Book excerpt:
