Allocations & Substantial Economic Effect

This panel will lay out the basics of the “substantial economic effect” safe harbor for tax allocations and discuss when business lawyers can, and cannot, dispense with tax allocations provisions in their LLC agreements. The program then will discuss some more advanced topics, including when an LLC might choose not to comply with the substantial economic effect rules.

Walter D. Schwidetzky, Roberta Mann, Bahar A. Schippel, and Ross Cohen

Premium Content For:
  • Business Law Section
  • 2017 LLC Institute