From One Thing to Another: Business Entity Conversions & Domestication
Choice of entity is not a one-time decision. Business entities may choose to change their legal form for many reasons – changing tax laws, new investors that require a different form of entity, or market or regulatory conditions making a different form of entity the better choice. But whenever an entity is converted from one form to another, significant tax liability and corporate or partnership law issues arise. One important consideration is how to modify the company’s underlying agreements to ensure basic economic arrangements among the owners remain intact. This program will provide a real-world guide to entity conversions.
· Conversions among C Corps, S Corps, partnerships and LLCs
· Strategies for minimizing tax on conversions
· Business and organizational law considerations when converting an entity
· Drafting issues in restating underlying company agreements
· Practical and tax traps when engaging in an entity conversion
Speaker:
Elizabeth Fialkowski Stieff is an attorney in the Baltimore, Maryland office of Venable, LLP, where her practice focuses on corporate advisory matters, including mergers, acquisitions, and joint ventures, as well as tax controversies. Prior to joining Venable, she was an associate in corporate and securities practice at a national law firm, where she advised clients on a variety of federal and state tax issues. Before entering private practice, she served as a judicial clerk to Judge L. Paige Marvel of the United States Tax Court.
Disclaimer: All views or opinions expressed by any presenter during the course of this CLE is that of the presenter alone and not an opinion of the Oklahoma Bar Association, the employers, or affiliates of the presenters unless specifically stated. Additionally, any materials, including the legal research, are the product of the individual contributor, not the Oklahoma Bar Association. The Oklahoma Bar Association makes no warranty, express or implied, relating to the accuracy or content of these materials.