Vcorp Services is proud to announce its sponsorship of the ALI-ABA 36th Annual Advanced Course of Study January 12-13, 2012: Partnerships, LLCs, and LLPs, at the US Grant Hotel in San Diego, CA. This course provides a full two days of advanced instruction on the federal income taxation of partners and partnerships. While partnership taxation offers substantial flexibility to its owners in structuring their ownership interests and entitlement to receive distributions of cash flow, there are complexities to partnership taxation of which tax advisors must be constantly aware. The program highlights the planning opportunities as well as the pitfalls in advising clients in these types of matters. Registrants should have a basic understanding of Subchapter K in order to get full benefit from this course.
The course is an advanced-level review of various tax planning strategies and traps for the unwary in advising partners and partnerships on transactions involving formations; distributions; sale or redemptions of partnership interests; key issues to consider in drafting partnership agreements, including allocations of tax items as well as cash flow; and important state law considerations. An added segment covers estate planning for the professional partner in a personal service partnership. The faculty is composed of a nationally recognized panel of tax lawyers, each of whom has substantial experience in partnership taxation and is a frequent lecturer for ALI-ABA and other national tax forums.