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About the Teleseminar
When an entrepreneur starts a new business, he or she is focused on the business itself – delivering goods and services, building new customer and client relationships, working with suppliers and marketing the business – not on the legal form of the company. Often the last thing that the entrepreneur will consider are the tax consequences of big choices he or she is making – or has made before consulting an attorney – about equity giveaways in the company to friends and family, the types and timing of compensation for themselves and employees, how early costs and losses are treated, and business succession or sales plans. The tax and financial consequences of these decisions, even for successful businesses, can be substantially adverse. This program will provide you with a framework for identifying those tax issues for your entrepreneurial clients and providing them a framework for making the best decisions.
- Common and costly tax traps when an entrepreneur starts a business – and fixing mistakes once they have been made
- Understanding credits and other tax incentives available to startups and entrepreneurs
- Compensation issues when talent and services are given in return for equity, stock options, or other incentive compensation
- Creative uses of early business losses, including carrying them forward and back in time
- Tax planning for business succession – what happens when an entrepreneur sells the business?
About the Speakers
Ziemowit T. Smulkowski is a partner in the Chicago office of Paul Hastings, LLP, where his concentrates his practice in federal income tax issues related to all aspects corporate and business transactions, including mergers and acquisitions, venture capital funds, real estate investments, and management compensation. He represents clients in the acquisition and disposition of closely held businesses, debt and equity investments in real estate joint ventures, commercial loan transactions, employee buyouts of businesses and more. He also represents clients in tax controversy matters. Mr. Smulkowski received his B.A. from Loyola University in Chicago and his J.D. from Northwestern University School of Law.
Leon Andrew Immerman is a partner in the Atlanta office of Alston & Bird, LLP, where he concentrates on federal income tax matters, including domestic and international tax planning and transactional work for joint ventures, partnerships, limited liability companies and corporations. He formerly served as chair of the Committee on Taxation of the ABA Business Law Section and as chair of the Partnership and LLC Committee of the State Bar of Georgia Business Law Section. He is also co-author of “Georgia Limited Liability Company Forms and Practice Manual” (2d ed. 1999, and annual supplements). Mr. Immerman received his B.A., magna cum laude, from Carleton College, his M.A. from the University of Minnesota, and another M.A. and his Ph.D. from Princeton University, and his J.D. from Yale Law School.
Mandatory MCLE Credit Hours
This seminar qualifies for 1.0 MCLE Credit Hour, including up to 1.0 Taxation Law Specialty Credit Hour - (Tentative)