This program will provide you with a practical guide to the tax and non-tax consequences of selling or exchanging partnership and LLC interests. Though these transactions are commonplace, they have complex tax consequences for the partnership or LLC, their sellers and buyers. There are many ways to structure these transactions to minimize adverse tax consequences short of a straight sale or exchange. There are also non-tax issues to consider, including what, if any, management and voting rights transfer to the buyer. This program will provide you with a detailed and practical guide to structuring and drafting the sale and exchange of partnership and LLC interests.
Brian J. O'Connor, Venable LLP
For more information, please visit the Illinois State Bar Association website.