Herbert N. Beller: S Corporations as Shareholders, LLC Members, and Partners (October 18, 2021)

Herbert N. Beller, of Northwestern University – Pritzker School of Law; Sutherland Asbill & Brennan LLP, has made available for download his article, “S Corporations as Shareholders, LLC Members, and Partners” published in 172 Tax Notes Federal 1713 (2021) and 172 Tax Notes Federal 1915 (2021). The abstract is as follows:

This two-part article focuses on numerous transactional scenarios involving S corporations that have sole or partial ownership interests in other entities, including C corporations, qualified S corporation subsidiaries, single- and multiple-member limited liability companiess and partnerships. Part 1 outlines the fundamentals of how subchapter S operates and examines the tax treatment of transactions through which the S corporation comes into existence, other entities become affiliated with the S corporation group, and cash or other property is transferred from an affiliate to the S corporation or to another affiliate. Part 2 examines the tax consequences of transactions in which a complete or partial interest in an affiliate is sold or otherwise disposed of by the S corporation, including through a taxable stock or assets acquisition, a tax-free reorganization under section 368 or a tax-free corporate separation under section 355.

To see the full article, click: “S Corporations as Shareholders, LLC Members, and Partners”

Posted by Anthony Tran, Associate Editor, Wealth Strategies Journal

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