Mergers & Acquisition of Pass-through Entities: S ...

2011 Annual Income Tax Seminar - Northern

June 17, 2011

Mergers & Acquisition of Pass-through Entities:

S Corporations, Partnerships & LLCs

Julie Divola

Pillsbury Winthrop Shaw Pittman LLP

San Francisco

Joseph K. Fletcher III

Glaser Weil Fink Jacobs Howard Avchen & Shapiro LLP

Los Angeles

1 | M&A of Pass-Through Entities

M&A of Passthroughs

? Asset Sales

¨¤ Partnerships

¨¤ S corporations

? Equity Sales

¨¤ Partnership interests

¨¤ S Corporation Stock

¨¤ S Corporation with 338(h)(10) Election

¨¤ Using DEs to achieve asset sale treatment

2 | M&A of Pass-Through Entities

M&A of Passthroughs

? Partnerships: Mergers, Divisions and More Exotic Structures

¨¤ Partnership Mergers

¨¤ Partnership Divisions

¨¤ Leveraged Partnerships and Canal Corp.

¨¤ Partnership Mixing Bowls

¨¤ Partnership Exit: Distribution of Newly-Acquired Assets

? S Corporation: Mergers and Divisions and More Exotic Structures

¨¤ S Corporation Mergers

¨¤ Section 351 Structures

¨¤ S Corporation Spin-offs

3 | M&A of Pass-Through Entities

M&A of Passthroughs

? Using Disregarded Entities to Unite Tax and Business Objectives

¨¤ DE Liquidations

¨¤ F Reorganizations

?

Basic

?

Taxable Asset Sale

?

Taxable Stock Sale

?

Liquidation Merger

?

Acquisitive Merger

¨¤ D Reorganizations

¨¤ Disregarded Entity Mergers

4 | M&A of Pass-Through Entities

M&A of Passthroughs

? Other Hybrid Structures: Corporate and Partnership Mergers and

Divisions

¨¤ Merger of Corporate Partner into Partnership

¨¤ Merger of Corporate Partners

¨¤ Section 351/A Reorganization

¨¤ Partial Morris Trust with Partnership

5 | M&A of Pass-Through Entities

 ................
................

In order to avoid copyright disputes, this page is only a partial summary.

Google Online Preview   Download