Planning for an Exit
As a business owner, it is important to recognize that your business is not just where you work, but probably represents a significant portion of your net worth and your largest asset. The ability to monetize that asset is the most important financial event of your life. If you want to have a successful exit […]
Why Profits Interest May Be More Attractive than Incentive Stock Options (ISO’s)
Many businesses grant equity interests to key employees or other service providers in an effort to incentivize them to help grow the business. Businesses organized as corporations often turn to the grant of stock options in order to accomplish this goal. However, limited liability companies (“LLCs”) have the advantage of being able to issue a […]
OPPORTUNITY ZONES UPDATE: Treasury Issues Second Round of Proposed Regulations on Qualified Opportunity Zones
In November 2018, we published a Client Alert summarizing the new Opportunity Zone program (OZ program) created by The Tax Cut and Jobs Act of 2017 and codified in Sections1400Z-1 and 1400Z-2 of the Internal Revenue Code (Code). The OZ program seeks to encourage investment in over 8,700 low-income and distressed communities across the country, […]
OPPORTUNITY ZONES: A Road to Realizing Capital Gains Benefits by Investing in Low-Income Communities
November 2018 – Opportunity Zones – A Road to Realizing Capital Gains Benefits by Investing in Low- Income Communities The Tax Cut and Jobs Act of 2017, which became effective in December 2017, included provisions that allow for the deferral (and possible reduction or exclusion) of an unlimited amount of capital gains on sales of appreciated […]