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Selling an LLC Interest - Including Unexpected Tax Consequences (teleseminar)
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When: 09/07/2016
1:00 PM to 2:00 PM
Where: United States
Contact: (404) 521-0781

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Selling an LLC Interest - Including Unexpected Tax Consequences, 1 CLE hour

First Run Broadcast: September 7, 2016
1:00 p.m. E.T. (60 minutes)

Transfers of LLC and partnership interest are common and their impact on the LLC/partnership, the transferor and transferee can be very complex.  The transfer may occur through a sale or exchange, as a gift as part of an estate plan, on the death of the holder, or through a redemption by the LLC/partnership itself.  Each has distinct tax consequences for the parties involved. There are also “disguised sales” where there’s a transfer of property generally to the entity and a distribution to the transferor but not in the form of a formal sale  These and many other transactions give rise to a thicket of (sometimes unexpected) adverse tax outcomes. This program will provide you with a practical review of the tax consequences of sales, exchanges, transfers, gifts and redemptions of LLC/partnership interests.

• Planning for the sale of LLC/partnership interests
• Sales, exchanges, redemptions and terminations 
• Impact on transferor/seller – capital gain treatment & exceptions
• Treatment of transferee/buyer - gifts, sales, redemptions, death
• “Disguised sale” traps and techniques to avoid
• Installment sales of LLC/partnership interests
• Redemptions of interests by the LLC/partnership


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.

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