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Like-Kind Exchanges of Business Interests (Teleseminar)
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Like-Kind Exchanges of Business Interests (Teleseminar)

1 CLE hour

6/12/2015
When: 06/12/2015
1:00 PM to 2:00 PM
Contact: (404) 521-0781


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An 800 number connects you to nationally recognized practice leaders who will speak on important issues and emerging trends in the law. You can also pose your own questions to the speakers. Written materials and other details are emailed in advance to pre-registrants.

 
Like-Kind Exchanges of Business Interests - 1 CLE hour

Like-kind exchange rules familiar in real estate law can also be used to exchange ownership interests in companies – corporations, LCCs and partnerships – in a tax-free transaction that might also alleviate non-tax complications of a more conventional exchange.  Though often overlooked alternative to the traditional exchange of assets or stock, the like-kind exchange of business interests is an effective technique for satisfying the financial, tax-deferral, and business goals of clients.  This program will provide you with a practical guide to the circumstances in which like-kind exchange techniques make most sense, how to structure the transaction and allocate value across asset classes for optimal outcomes, and how to treat liabilities.  The program will also discuss common structuring and drafting traps.

Effective use of Like-Kind exchange/Section 1031 rules to exchange ownership interests in companies – corporations, LLCs, partnerships – tax-free
Circumstances in which Like-Kind exchanges make more sense than conventional ownership interest sales
Detailed review of allocating exchange price to specific type of assets exchanged – intangibles, personal property, real estate, intellectual property, etc.
Understanding the role of third-parties in Like-Kind exchanges of business interests
Intersection of Like-Exchange of business interests and Section 338(h)(10) elections
Practical guidance on how to make these exchanges work and drafting tips

Speaker: 

Glenn M. Johnson
is a member of the national tax department of Ernst & Young, LLP in Washington, D.C. He has extensive experience advising clients on like-kind exchange transactions involving real estate, intangibles, and equipment, and on multiple asset exchange programs.  He has assisted many companies, including banks, captive finance subsidiaries, and national rental and leasing companies in designing and implementing mass-asset like-kind exchange programs.  Mr. Johnson earned his B.A. in economics from Wesleyan University, his J.D., with honors, from Boston University School of Law, and his LL.M. in taxation from Georgetown University Law Center.

 

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