Generally, purchasers prefer to acquire businesses by purchasing the assets of the selling entity, rather than acquiring its stock. One of the advantages of an asset sale versus a stock sale is that the purchaser can avoid assuming most of the liabilities associated with the selling entity. However, many purchasers are unaware that they may […]
Stephen Looney, shareholder and chair of Dean Mead’s Tax Department, spoke at the 68th Alabama Federal Tax Clinic in Tuscaloosa, Alabama on November 21, 2014. He presented on “S Corporation Hot Topics.” The outline from his presentation may be viewed HERE.
Florida’s Revised LLC Act New Changes: What you need to know to prepare for 2015 Join us for an insightful discussion of the key changes in Florida’s new limited liability act, including: Changes to the non-waivable default rules Modifications to management options Introduction of a new ability to file statements of authority with the State […]
Dean Mead attorney Stephen Looney authored a “Tax Tip” article in the January-February 2014 Edition of the Journal of Passthrough Entities, entitled “The Case of the Disappearing Basis: Stock Acquisitions by S Corporations Followed by QSub Election.” The article highlights how purchase price basis disappears when an S corporation acquires the stock of a target corporation and then […]