S Corporation Basics and Transaction Considerations—Part 1

1.5 hours CLE credit (approved)

Sponsored by the Taxation Law Section

In the initial webinar, attendees will learn about the basic requirements for S corporation qualification and maintaining S corporation qualification, which is critical both to the current tax consequences of the S corporation as well as to a potential sale of the S corporation. Many S corporations inadvertently jeopardize their S corporation classification due to insufficient understanding of the rules related to maintaining their S corporation classification.

Registration for part two of the webinar will open at a later date, and attendance at part one is not a prerequisite to register. In the second webinar, we will cover the deemed asset sale option for the sale of S corporation stock as well as an alternative structure used in S corporation transactions to achieve a tax step-up in the assets of the S corporation. In addition, we will flag several key aspects to these transactions that can make the deemed asset sale or actual asset sale undesirable and potential ways to address these pitfalls.

This is essential knowledge for lawyers forming, buying, or selling S corporations.

Speaker: Henrik Haeckel

Moderator: Tiffany Burton


4/25/2024 12:00 PM - 1:30 PM
Eastern Daylight Time