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April 25, 2011

Taxing Matters: Drafting & Application of Operating Agreements

The 2011 Taxing Matters Series, sponsored by the Business Tax Committee, will conclude May 11 with a presentation by Dick Holz, Schottenstein Zox & Dunn, on the practical aspects of Federal Income Taxation of Partnerships, a summary of the some of the more commonly-faced issues in the taxation of limited liability companies and other businesses taxed as partnerships.

Topics will include how to establish and maintain partnership capital accounts, a general review of methodologies for allocating loss, gain and basis among partners, how to properly reflect preferred equity arrangements, and an analysis of how to “book up” partnership capital accounts when, for example, a new partner is admitted to the partnership.

As a part of the Taxing Matters Series, attorney attendees who register may be eligible for up to 1.0 hours of CLE credit, and members of the Business Tax Committee may audit this presentation. Registration fees are: members $35 prepaid/$40 day-of; non-members $50 prepaid/$55 day-of; and non-attorneys $25 prepaid/$30 day-of. This seminar is CLE Easy Pass eligible, and box lunches are available for sale. You can register for the program or get more information online, or call 614/221.4112.