Business Liquidation (BUSL)

Pre-requistes:

Knowledge Level:

Major Topics:

• Key planning issues and benefits in liquidating partnerships and limited liability companies
• The unique planning opportunities and tax traps involved in the liquidation of a business entity
• Understanding installment sales and the big hurdles to favorable tax treatment in liquidation
• Filing Form 966: it’s more important than you think
• An analysis of when liquidation is advisable – now or later?
• Strategies to pursue in light of the tax rates on dividends and capital gains
• The special problems of liquidating Subchapter S corporations

Learning Objectives:

• Consider the options available on complete liquidation of a partnership or LLC
• Understand the particular issues in the liquidation of an S corporation
• Discuss alternatives to liquidation
• Describe the tax consequences to a corporation and its shareholders of a complete liquidation

Designed For: