Partnership Compensation: Payment and Profit Possibilities
March 2012
Partnership Compensation
Program Highlights
Weighing the Strengths and Weaknesses of the Most Common Partnership Compensation Plans-
- Wages v. Guaranteed Payments
- Profits
- Capital Interest v. Profits Interest
- Self-Employment Taxes for Both General and Limited Partnerships
- Qualified v. Nonqualified Deferred Compensation Arrangements
- Easy-to-Understand Discussions of Applicable Treasury Regulations and Internal Revenue Code Sections
… and much more!
Program Description
Join expert tax, business, and employee benefits lawyers, Neil Goff, Nancy Strelau, and Eric Zinn, for an informative program regarding the tax aspects of compensation paid to partners and LLC members. Grasp the differences between capital interests and “profits interests” and between “guaranteed payments” and wages, learn about the application of self employment taxes to compensation paid to partners and LLC members, and understand the use of qualified and nonqualified deferred compensation arrangements in a partnership/LLC context. If you practice in the areas of partnerships and LLCs, this is a program you will not want to miss.
Agenda
8:30 am
Registration and Continental Breakfast
9:00 am
Welcome and Introduction
Extended by Eric J. Zinn, Esq., Program Chair
9:10 am
Wages v. Guaranteed Payments
- Treasury Regulation § 1.721-1(b)(2)
Guaranteed Payments
- Affect on Capital Account
- Profit/Loss-Calculation of “Net Income,” Special Allocation
- Distribution Waterfall? No
Guaranteed Payments- Self Employment Taxes for Both General Partnerships and Limited Partnerships
- LLC Context - Member/Manager
10:30am
Networking Break
10:40 am
Profits Generally-Self Employment Taxes
- General Partnerships v. Limited Partnerships
- Manager/Member Context
Capital Interest v. Profits Interest-Where Do We Stand Today?
- Background
- Application to Partner/Partnership
- Other Topics, IRC Sections
12:00 pm
Adjourn
Presented by Eric J. Zinn, Esq., Neil M. Goff, Esq., and Nancy A. Strelau, Esq.
Program Chair
Eric J. Zinn, Esq.
Krendl, Krendl, Zachnoff & Way, PC
Denver, CO
Faculty
Neil M. Goff, Esq.
Brownstein Hyatt Farber Schreck, LLP
Denver, CO
Nancy A. Strelau, Esq.
Brownstein Hyatt Farber Schreck, LLP
Denver, CO
Video Replays: April 12, 2012
Denver: CLE Classroom, 1900 Grand Street, Suite 300
Grand Junction: 1250 East Sherwood Drive
Colorado Springs: 421 South Tejon Street, Suite 100
Location Information
CLECI Large Classroom
1900 Grant Street, Suite 300
Denver, CO 80203
Get directions
1900 Grant Street, Suite 300
Denver, CO 80203
Registration Fees
| Non Member | $169.00 |
| CBA | $139.00 |
| TAX | $129.00 |
| CORP | $129.00 |
| LABLAW | $129.00 |
| Non Member | $129.00 |
| Non Member | $109.00 |
| New Lawyer | $109.00 |
- General Credits: 3.00
- Ethics Credits:
- EDI Credits:
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