Thursday, April 14, 2011
Time: 1:30 pm ET (12:30 am CT, 11:30 am MT, 10:30 am PT)
Length: 90 minutes

Registration - Session Only: $219.00
 
Registration - Session Plus CD Recording: $319.00

Entrepreneurs and other business owners have a variety of choices when it comes to choosing the legal entity through which to implement a new venture.  In choosing among the various choices of entities, there are several frequently asked questions that business owners and investors raise.  What type of entity should I choose?  What kind of protection do I need to shield my personal assets from the liabilities of the business?  Do I need to protect the assets of one segment of the business from the liabilities of another segment of the business?  How will I be taxed on the profits of the business?  Will I be able to claim the tax benefits of any losses generated by the business?

There is no “one size fits all” answer to these questions.  In choosing among the various types of entities, one must ask a number of additional questions.  Who is expected to invest in the entity?  How will the entity be capitalized?  Will the entity borrow money from its owners or from third parties, such as a bank or other lender?  The answers to each of these questions could affect the choice of entity. 

Tax attorney Peter J. Guy presents an introduction to some of the more important considerations (tax and otherwise) related to various business entity choices.  The choice of a particular business entity type can have immediate consequences and can also affect a company’s long-term strategic options.   

·         Basic Considerations – What Type of Business Entity?

o        Regular Corporation

o        S Corporation

o        Limited Liability Company (LLC)

o        Limited Partnership (or other type of partnership)

o        Others (including sole proprietorships and joint ownership of property)    

·         Pass-Through Entity or Regular Corporation?

o        Tax Savings

§         Single Layer of Tax on Profits

§         Loss Pass-Through

o        Which entities provide limited liability?

·         Differences between S Corporations and LLCs/Partnerships

·         Other tax and nontax considerations

o        How your exit strategy can influence choice of entity

o        Special entities such as real estate investment trusts (REITs)

o        Debt vs. equity considerations

Anyone who is starting a business or considering organizing an entity to conduct business activities or to hold investment assets such as real estate.    

Investment bankers and similar investment advisers, accountants, lawyers, financial managers and other professional advisers who regularly advise on entity formation.

Peter J. Guy, Esq.
Of Counsel to Ellenoff Grossman & Schole LLP. 

New York tax attorney Peter J. Guy specializes in federal income tax law. Mr. Guy has extensive experience providing federal income tax advice to public and private companies with a particular emphasis on mergers, acquisitions, securities offerings and divestitures.  He advises real estate funds, private equity funds, hedge funds, limited liability companies, partnerships, S corporations and similar entities on tax issues relevant to the formation and operation of such entities.  He has experience advising real estate investors and developers on tax issues arising out of the ownership and operation of real estate, including certain tax credit advice.  

His experience includes advising domestic and international clients regarding cross border tax issues and certain New York state and local tax issues.  Mr. Guy also has experience advising clients that have special tax considerations such as real estate investment trusts and tax-exempt entities.  Prior to joining Ellenoff Grossman & Schole LLP, Mr. Guy was associated with the law firms of Paul, Weiss, Rifkind, Wharton & Garrison, LLP and Bryan Cave, LLP.  Mr. Guy is admitted to practice in the state of New York and is a member of the American Bar Association’s Section of Taxation.  Mr. Guy received his Juris Doctorate from Harvard Law School where he graduated cum laude and his Bachelor of Science degree from Northeastern University where he graduated summa cum laude.

* 90-minute webinar (Travel-Free) delivered over the phone and Internet.
* Unlimited listeners per connection - bring the entire department.
* Q&A session with the expert.

This event will be presented live by phone together with a PowerPoint presentation to be viewed on your computer. Internet access is not required for phone-only participants.

The PowerPoint slides will be provided shortly before the event. Once you register, you will receive an email which is your receipt and which includes your instructions for dialing in and logging on. You will also receive an email reminder 24 hours before the webinar.

(Not available outside the US or Canada)

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