Day 1 – October 4
- Classification of LLCs for income tax purposes – what does “nothing” mean?
- Formation and organizational issues – how they differ from multi-member LLCs
- Relationship to S Corps – as owners, as subsidiaries, as Single Member LLCs themselves
- Single Member LLCs as charities or as property of charities – and gifting issues
- Merger and acquisition issues involving Single Member LLCs
- Series LLCs as an alternative to commonly owned Single Member LLCs
Day 2 – October 5
- Changes in tax classification of Single Member LLCs
- Single Member LLCs and general partnerships – which may own which?
- Piercing the veil of a Single Member LLC
- Compensation issues and traps
- Use of charging orders against Single Member LLC distributions
- Use of SMLCCs in real estate transactions, including Like-Kind Exchanges
- State tax and excise tax overview
Faculty: Paul Kaplun, Venable LLP, Washington, D.C. and Elizabeth Fialkowski Stieff, Venable LLP, Baltimore, MD