TELESEMINAR: Choice of Entity for Real Estate – A National Perspective
September 10, 2013
12:00 – 1:00 p.m.
1.00 MCLE hours
Choosing the right entity for a real estate transaction involves consideration of business and tax law, estate planning, and financial issues. These and other factors may vary depending on the type of deal – a development project, a long-term income property, resale properties – and whether a client is an individual or an institution. Operational flexibility must be weighed against certainty and tax optimization against other objectives. The traditional model of an institutional general partner and individual limited partners often gives way to more flexible – and easier to organize – LLC structures. This program will provide you with a framework for assessing the range of entity alternatives for a real estate transaction depending on the nature of the underlying deal, discuss the tradeoffs of each, and include a discussion of estate planning issues impacting choice of entity.
- Business and tax law and estate planning considerations in choice of entity for real estate transactions
- Choice of entity depending on type of deal – development projects, income properties, resale deals
- Consideration of LLCs v. S Corps v. C Corps, GP/LP structures, and the use of trusts
- Tax impact of formation, distributions and dissolution on real estate entrepreneurs
- Like-Kind Exchange considerations for choice of entity
- Estate planning considerations when choosing an entity for real estate
John S. Hollyfield, Norton Rose Fulbright, LLP, Texas
Richard R. Goldberg, Ballard Spahr, LLP, Pennsylvania
Daniel L. Daniels, Wiggin and Dana, LLP, Connecticut