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About the Teleseminar
The flexibility of LLCs and partnerships allows for a wide range of incentive compensation structures. The choice is not merely between equity and straight cash payments. Rather, the entity can offer a blend of equity, profit participation interests and appreciation rights. Within each structure, there are variations, including timing, vesting and taxability. A new consideration is the application of the new 3.8% Medicare tax. This program will provide you with a practical guide to forms of incentive compensation for LLCs and partnerships, the tax and non-tax consequences and tradeoffs of each, application of the new 3.8% Medicare tax and common traps.
- Incentive compensation in LLCs/partnerships - ownership stakes v. profit participation interests v. appreciation rights
- Compensation plans for LLC members/partners v. employees
- Restricted interests and types of vesting schedules
- Employment tax considerations, including the new 3.8% Medicare Tax
- Traps of exchanging ownership interests for services
· About the Speaker
Leon Andrew Immerman is a partner in the Atlanta office of Alston & Bird, LLP, where he concentrates on federal income tax matters, including domestic and international tax planning and transactional work for joint ventures, partnerships, limited liability companies and corporations. He formerly served as chair of the Committee on Taxation of the ABA Business Law Section and as chair of the Partnership and LLC Committee of the State Bar of Georgia Business Law Section. He is also co-author of “Georgia Limited Liability Company Forms and Practice Manual” (2d ed. 1999, and annual supplements). Mr. Immerman received his B.A., magna cum laude, from Carleton College, his M.A. from the University of Minnesota, and another M.A. and his Ph.D. from Princeton University, and his J.D. from Yale Law School.
Mandatory MCLE Credit Hours
This seminar qualifies for 1.0 MCLE Credit Hour, including up to 1.0 Taxation Law Specialty Credit Hour. (Tentative)