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Stephen R. Looney, Chair of Dean Mead’s Tax department, presented on “Choice of Entity in Light of Tax Reform,” at the Wealth Planning For High Net-Worth Individuals and Owners of Closely Held Companies portion of the New York University Summer Tax Institute in New York City on Friday, July 28, 2017. A description of the presentation follows:
Lawyers and accountants are frequently advising clients on the pros and cons of using a particular
entity under state, including foreign law, for business and investment operations. This ranges from
the use of a C or S corporation to a pass thru entity such as a partnership or limited liability company.
For cross-border activities, the list can expand to include reverse and hybrid entities. Each model has
its own tax and transfer tax profile. The speakers discuss this “menu of choices” and weave into the
discussion pending tax reform proposals.