Jerald David August presented "Choice Of Entity For Owners Of A Closely Held Business With Tax Legislation On The Horizon" at the NYU 76th Institute on Federal Taxation

This presentation explored the various factors involved in advising clients on choice of entity decisions, including conversions of tax status and their tax impacts to the entity as well as the owners. The speakers compared the taxation and related tax attributes, including ownership attributes, attributable to C or regular corporations, S corporations, limited liability companies, limited partnerships, and general partners.

Owner eligibility requirements and other special rules under Subchapter S were highlighted. The discussion further addressed the use of single member and hybrid entities in domestic and international tax planning.