Surgent's Limited Liability Companies: Losses, Liquidations, Terminations, Continuations, and Sales

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 Topics:

• 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

Designed For:

Accounting and Financial Professionals with clients using the LLC or LLP structure who need to understand advanced issues, problems, and planning strategies

Prerequisite:

A beginning course in LLCs/partnerships; experience with LLC/partnership clients

Additional Info:

You will receive an email from [email protected] with instructions on how to log onto your course shortly.  If you do not receive the email within the hour, please check your spam filter.

For technical support, registration questions or other customer service-related inquiries, please call (800) 778-7436 or email [email protected]. Phones are staffed from 8:30 a.m. to 5:00 p.m. Eastern Time, Monday through Thursday, and 8:30 a.m. to 4:00 p.m. Eastern Time on Friday.