Partnerships and LLC(s): From Formation to Liquidation  

By the end of this webinar you should be able to: summarize the mechanics and administrative requirements of partnerships; explain the unique characteristics of LLCs; distinguish between inside and outside basis (including debt); assess the tax ramifications of contributed property (including appreciated assets) and services; evaluate special allocations for substantial economic effect; summarize tax effect(s) of transactions with partners – GPs, self – employment tax, PALs; and compare distributions – current and liquidating (incl. sale of an interest).