Ethics in Multijurisdictional Practice
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The ultimate object of many closely held companies is to distribute as much cash and other property to its owners. This is particularly true when there is not a market for the sale of the company itself. The owners want to optimize distributions to all of them – or at least some of them, as when a partner decides to retire, becomes disabled, dies or just wants to depart. These distributions or withdrawals of property involve drafting issues in operating and stockholder agreements, finance issues involved in funding these distributions, and substantial tax issues. This program will provide you with a planning guide for distributing cash and other property to the owners of closely held companies, balancing operational, finance, and tax considerations.
Speaker: Brian J. O'Connor |
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