Tax Aspects of LLC Drafting: Target Allocations; Key Negotiated Tax Terms in JVAs; Top 10 Tax Mistakes When Drafting Agreements
Understanding the Key Tax Aspects and Negotiation Points of Partnership Agreement Drafting
A live 90-minute premium CLE/CPE video webinar with interactive Q&A
This CLE/CPE course will provide tax counsel and advisers with the guidance necessary to correctly implement targeted partnership tax allocations. The panel will explain the complex requirements of IRC 704(b) and provide best practices for maximizing the tax benefits of targeting partnership allocations.
Outline
- Targeted versus layer cake allocations
- Benefits and detriments of targeted allocations
- Tax allocation drafting best practices
- Key points of negotiation when drafting tax provisions
- 10 common drafting errors
Benefits
The panel will review these and other high priority issues:
- When allocating income and loss among partners, what are the tax benefits of targeted versus layer cake partnership tax allocation methods?
- What are best practices in drafting targeted allocation provisions?
- Which tax provisions deserve special attention during drafting?
- Which tax provisions are commonly overlooked or not properly drafted?
Faculty

Jonathan Hagler
Attorney
Adler Stachenfeld
Mr. Hagler joined the firm in 2021 as a member of the Tax Practice Group. He graduated from the Benjamin N.... | Read More
Mr. Hagler joined the firm in 2021 as a member of the Tax Practice Group. He graduated from the Benjamin N. Cardozo School of Law and is admitted to practice in New York.
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Mitchell Snow
Partner
Adler & Stachenfeld
Mr. Snow joined the firm in 2023 and is a partner in the Tax Practice. His work covers a range of tax transactions,... | Read More
Mr. Snow joined the firm in 2023 and is a partner in the Tax Practice. His work covers a range of tax transactions, including advising REITs and other tax-exempt entities regarding the tax consequences of their investment strategies and other activities. Mr. Snow regularly advises institutional owners, operators, investment managers, and developers on tax aspects of joint ventures, financings, developments, acquisitions, dispositions, and restructurings with respect to real estate and other assets throughout the United States.
Mr. Snow assists clients with the structuring of real estate and other investment funds, with a particular focus on 1031 tax-deferred exchanges and New York transfer taxes.
CloseCannot Attend July 22?
You may pre-order a recording to listen at your convenience. Recordings are available 48 hours after the webinar. CPE credit is not available on recordings. Strafford will process CLE credit for one person on each recording. All formats include course handouts.