Formation and Financing of an Emerging Growth Company: Why Choice of Entity Matters - American Academy of Attorney - CPAs

Kevin Passarello, shareholder in the firm's corporate section, will present during the AAA -CPA PA/DE Valley Chapter Meeting on April 17. "Formation and Financing of an Emerging Growth Company: Why Choice of Entity Matters" will cover the following learning objectives: 

1. Understand the practical business reasons for a C corporation structure, over a “pass-through” entity, in the context of a typical “start-up” company—from the point of view of both founders and prospective investors.
2. Grasp the concomitant benefits of Section 1202 of the Code, which enables each shareholder in a properly structured C corporation potentially to exclude $10 million or more of gain upon sale of their stock.
3. Probe the many but ultimately simple requirements of Section 1202 along with associated opportunities to maximize tax benefits.
4. Explore how Section 1202 relates to various transactions—including gain rollovers under Section 1045, LLC to C corporation conversions, S to C corporation conversions, corporate reorganizations, and estate planning.

PA CLE credit is available for members.