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Philadelphia Bar Association

Topcap Invite

Date:
Thursday, March 01, 2018

Time:
12:30 PM

Location:
Philadelphia Bar Association
11th Floor Conference Center
1101 Market Street
Philadelphia, PA 19107

2 SUB

Registration Info:
Lunch and registration:
12:00 PM

Program:
12:30 PM - 2:30 PM

CLICK HERE TO REGISTER FOR THIS CLE PROGRAM

Panelists:

Saba Ashraf, Esq.
Partner
Co-Practice Leader, Tax Group
Ballard Spahr LLP

David G. Shapiro, Esq.
Partner
Saul Ewing Arnstein & Lehr LLP

After Tax Reform, How Should I Structure My Business?

CLE - After Tax Reform, How Should I Structure My Business?

Co-Hosted by the Tax Law Section and LLCs and Other Unincorporated Entities Committee of the Business Law Section

The reduction in the federal corporate income tax rate to 21% has business owners seriously considering whether they should operate their businesses as "C-corporations." However, that tax rate is far from the only relevant consideration. Multiple provisions in the 2017 Tax Act have changed the way we think about business structuring. In addition to that rate reduction, the Act introduced a host of new provisions, including:

  • a 20% deduction for certain qualified pass-through income, with some key limitations and phase-outs
  • accelerated expensing for certain items of income
  • limitations on interest expense and net operating losses
  • a special "participation exemption" regime for certain dividends paid by foreign corporations
  • lower corporate tax rates on certain kinds of foreign-derived income

Panelists will examine these and other factors, such as state tax, which business owners should consider as they structure their businesses. In addition, since the law may affect each industry differently, the panel will address industry-specific provisions, such as special rules for real estate that could affect business structuring decisions.

Join your colleagues to understand the relevant considerations a business should explore when deciding how to structure a business in the wake of the 2017 Tax Act.

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Bottomcap Invite