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Calendar

12/5/2016
UNL: Negotiation Ethics

12/5/2016
Adding a New Member to an LLC (Telephone)

12/5/2016
How to Draft a Bad Contract (Webinar)

12/6/2016
Estate Planning for Real Estate Part 1 (Telephone)

Selling an LLC Interest Including Unexpected Tax Consequences (Telephone)
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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.

9/7/2016
When: Wednesday, September 7, 2016
12:00 PM - 1:00 PM

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MCLE Accreditation
Nebraska Activity #127923, 1.0 hour CLE

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.


To Register:
Cost $89.00

http://ne.webcredenza.com/catalog.aspx?browse=ViewProg&catid=22561

  • Click on above link
  • Click “Login to add to cart” button at the bottom of the program page
  • This will take you to the log in page, FIRST time users will need to create a user name and password that is separate and distinct from any information you may have used for the Nebraska State Bar website
  • Please be sure to use the attorney name and contact information of the person who is to receive the CLE credit
  • Once completed click “Update & Proceed to Payment”
  • The final step is to click “Submit Payment”
  • At this point you will receive an email confirmation of the purchase
  • The day before the Program you will receive the dial in information and program materials
  • We will submit the program participation information to the Nebraska State Bar Association within 48 hours of the program completion

If you need additional information on your CLE credits please contact:
Sara Weber, Nebraska State Bar Association
(402) 475-7091 ext # 131; sweber@nebar.com

Nebraska State Bar Association, 635 S. 14th St., Suite 200, Lincoln, NE 68508
(402) 475-7091; Toll Free (800) 927-0117; FAX (402) 475-7098