SUBCHAPTER S CORPORATIONS (TAX 411) (1 CREDIT)

Professor Lisa Padilla

Detailed study of the technical and planning issues relating to the adoption and maintenance of S corporation status. Compares S corporation form to that of partnerships and C corporations and analyzes benefits and limitations of S corporation in different contexts. Examines S corporation income pass through and effect of corporate distributions, use of shareholders agreements, reorganization, division and liquidation of S corporations and conversion to and from C corporation status.

Summer 2008.