LIVE REPLAY: Techniques for Tax Efficiently Withdrawing Capital from a Closely Held Company
October 2014
LIVE REPLAY: Techniques for Tax Efficiently Withdrawing Capital from a Closely Held Company
The Professional Education Broadcast Network is a national network of bar associations providing high quality, practically useful CLE across a range of practice areas. All programs are conveniently delivered to your desk as a teleseminar which you can access from your telephone or as an audio stream over the Internet. Just dial into an 800 number, and hear nationally recognized practice leaders speak on important issues in the law. You are also able to ask them your questions. Teleseminars marry the best of technology and education to bring the world of CLE to your office or home. Can't join a program - or you registered but missed it? Register for a program and if you miss it, we will automatically email you an MP3 file of the program!
ACCREDITATION INFORMATION: Individual attorneys may apply for credit through the Colorado Supreme Court Board of Continuing Legal Education using the FORM 1, which can be found at www.coloradosupremecourt.com.
How to Register
There are 2 easy ways to register:
1. CALL us! (303) 860-0608, or toll free (888) 860-2531
2. Or REGISTER ONLINE NOW by using the corresponding course links above.
Program Description:
The ultimate object of many closely held companies is to distribute as much cash and other property to its owners. This is particularly true when there is not a market for the sale of the company itself. The owners want to optimize distributions to all of them - or at least some of them, as when a partner decides to retire, becomes disabled, dies or just wants to depart. These distributions or withdrawals of property involve drafting issues in operating and stockholder agreements, finance issues involved in funding these distributions, and substantial tax issues. This program will provide you with a planning guide for distributing cash and other property to the owners of closely held companies, balancing operational, finance, and tax considerations.
- Redemptions of ownership interests in exchange for property v. funding individual buy/sell transactions among the owners
- Tax optimized compensation methods, including employment tax issues in S Corps v. LLCs, and the new 3.8 on net investment income
- Operating agreement and stockholder agreement drafting issues
- Retirement plan techniques for optimizing the withdrawal of property
- Tax issues at the individual and entity-level
Faculty:
Brian J. O'Connor is a partner in the Baltimore office of Venable, LLP, where he is co-chair of the firm's tax and wealth planning group. He provides sophisticated tax and business advice to closely-held and publicly-traded businesses and their owners. Before joining Venable, Mr. O'Connor was an attorney-advisor in the Office of the Chief Counsel of the IRS, where he worked on high profile legislative projects, regulations and other published guidance relating to pass through entities. Mr. O'Connor received his J.D., magna cum laude, from Washington and Lee University School of Law and his LL.M. in tax law, with distinction, from Georgetown University Law Center.
Each program will run from 11:00 a.m. to 12:00 p.m. M.T. (60 minutes each).
Registration Fees
| Non Member | $109.00 |
| CBA Member | $89.00 |
- General Credits:
- Ethics Credits:
- EDI Credits:
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