COURSE DESCRIPTION
Navigate the complex world of business entity interest transfers where tax considerations, valuation challenges, and structural limitations create sophisticated transaction planning requirements. This specialized program addresses the unique legal and business considerations that govern partnership and LLC interest transfers. Master the techniques that facilitate successful entity interest transactions while optimizing tax consequences and protecting all parties' interests.
- Understand tax implications of partnership and LLC interest sales including Section 754 elections and basis adjustments
- Navigate transfer restrictions and consent requirements affecting entity interest marketability
- Address valuation challenges and appraisal rights in closely-held entity interest transactions
- Structure installment sales and earnout arrangements that optimize tax treatment while managing payment risk
Speaker:
Steven O. Weise is a partner in the Los Angeles office Proskauer Rose, LLP, where his practice encompasses all areas of commercial law. He has extensive experience in financings, particularly those secured by personal property. He also handles matters involving real property anti-deficiency laws, workouts, guarantees, sales of goods, letters of credit, commercial paper and checks, and investment securities. Mr. Weise formerly served as chair of the ABA Business Law Section. He has also served as a member of the Permanent Editorial Board of the UCC and as an Advisor to the UCC Code Article 9 Drafting Committee. Mr. Weise received his B.A. from Yale University and his J.D. from the University of California, Berkeley, Boalt Hall School of Law.