Description: |
The course explores the various tax and business issues transactional lawyers confront in the life cycle of a business. To that end, the course will study the tax consequences that flow from transactions between a corporation and its shareholders and between a partnership and its partners during the life cycle of the business. Topics of study include the choice of entity upon formation, growth issues and the operation of the business, distributions, redemptions and liquidations, taxable and tax-free acquisitions and restructuring of the business, and exit strategies. |