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

This upper-level substantive course explores and legal and business concerns related to S corporation status.

Recommended for the following Professional Pathways: Corporate Transactions and Governance; Real Estate and Land Use; Tax; Trusts and Estates; General Practice – Transactional

Pre/co-requisite: Corporations and Federal Income Tax: Individual

Open to Tax LL.M. students.

1 Credit