Entity Selection and Considerations for Conversion: Advantages and Disadvantages
Formation and Elections, Start-Up and Organization Costs, Tax Issues
Note: CPE credit is not offered on this program
Recording of a 90-minute CLE video webinar with Q&A
This CLE course will advise corporate counsel on the more complex issues when addressing entity selection in starting up a new business in 2021. The panel will discuss a crucial first decision in choosing the correct form of entity to accomplish the company's goals including the tax consequences of the sale or liquidation of a particular type of entity and when to consider converting one form of entity to another to best achieve these goals.
- Types of entities
- Sole proprietorship
- General partnership
- Limited partnerships
- Series LLCs
- C corp vs. S corp
- Start-up costs and organization
- Tax consequences
- Circumstances that create need to convert
- How to determine what to convert to
The panel will review these and other relevant topics:
- How does ownership and management structure impact entity choice?
- What tax consequences should be considered when choosing an entity?
- How are start-up costs related to choice of entity at the time of formation?
- What factors should be considered when deciding to change from one form of entity to another?
Robert C. Brighton, Jr.
Becker & Poliakoff
Mr. Brighton represents U.S. and international issuers and investors, as well as underwriters and placement agents... | Read More
Mr. Brighton represents U.S. and international issuers and investors, as well as underwriters and placement agents in a broad variety of capital market transactions. He also represents buyers, sellers and investment bankers in connection with asset purchases and sales relating to small closely-held corporations and tender offers for publicly-traded Fortune 500 corporations. He advises broker-dealers, investment advisers, investment companies, insurers, banks and other financial service companies with respect to formation, and regulatory and transactional issues. He represents borrowers and lenders in credit transactions ranging from acquisition financing to asset-based and cash-flow loans and revolving credit facilities.Close
Gerard (Jerry) O'Connor
O'Connor Law Office
Mr. O'Connor has built his practice on the representation of technology entrepreneurs for over 20 years, practicing... | Read More
Mr. O'Connor has built his practice on the representation of technology entrepreneurs for over 20 years, practicing in this complex and rapidly evolving area of the law at leading area firms before founding his own practice. His experience extends from start-up services to general corporate representation and M&A counsel. Mr. O'Connor has handled hundreds of successful transactions for his clients in industry sectors, including software, financial services, manufacturing, robotics, energy/cleantech, and professional services. He has also counseled clients in the not-for-profit space. He has worked with clients exploring hybrid business forms, including non-profit/for-profit affiliates, low-profit limited liability companies or LLLCs, and public benefit corporations. Mr. O'Connor is a frequent speaker on topics relating to entrepreneurship. He is a long-time volunteer with the MIT Enterprise Forum of Cambridge and co-chairs its CEO Services Committee.Close