News & Analysis as of

Transfer of Assets

Patton Sullivan Brodehl LLP

Who Runs This LLC?

Under California law, LLCs can either be managed by all of the members (member-managed) or by a designated manager (manager-managed).  Manager-managed LLCs are more common for complex, multi-party ventures. The basic idea is...more

Barnea Jaffa Lande & Co.

A Share Deal or An Asset Deal in Israeli Mergers & Acquisitions?

You have identified an Israeli target company to purchase. Now the question is – how to structure the acquisition? There are two traditional routes in Israeli private M&A transactions. The first is to purchase the shares of...more

Lathrop GPM

Minnesota Court of Appeals Upholds Settlor’s Intent, Rejects Beneficiary’s Petition to Modify Trust and Receive Attorney Fees

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In an opinion released last week, the Minnesota Court of Appeals rejected a petition to modify the terms of a trust to allow for the early distribution of trust assets to the beneficiaries. The court also denied the...more

Freeman Law

The IRS, Fraudulent Transfers, and Transferee Liability

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Can you be held liable for a tax liability owed by another taxpayer?  Yes, under certain circumstances.  The IRS  uses fraudulent transfer law and “transferee” liability tools to collect unpaid taxes where a taxpayer has...more

Latham & Watkins LLP

UK High Court Sanctions £10.1 Billion Annuity Book Transfer From PAC to Rothesay

Latham & Watkins LLP on

The judgment clarifies the Court’s approach to proposed transfers under Part VII of FSMA, as well as the scope and application of s. 110(1)(b).  On 24 November 2021, the High Court of England and Wales (the Court)...more

Rivkin Radler LLP

Not Selling Despite Tax Increases? Review the Buy-Sell Agreement Among Owners

Rivkin Radler LLP on

Not Selling Your Business This Year? Beginning shortly before the House Ways and Means Committee released its version of the President’s Build Back Better plan, several posts on this blog have explored the uptick in M&A...more

Jones Day

Eleventh Circuit Splits From Second Circuit on Finality of Chapter 15 Discovery Orders

Jones Day on

Chapter 15 petitions seeking recognition in the United States of foreign bankruptcy proceedings have increased significantly during the more than 16 years since chapter 15 was enacted in 2005. Among the relief commonly sought...more

Proskauer Rose LLP

UK Tax Round Up - October 2021

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The Chancellor presented the Budget on 27 October. Although it contained a wide range of general spending and tax-related announcements, there was nothing of significance for the private funds industry that had not been...more

Proskauer Rose LLP

Personal Planning Strategies - October 2021

Proskauer Rose LLP on

Act Now Before the Window of Opportunity Closes - By now you have probably heard that the House Ways and Means Committee introduced legislation a few weeks ago (see Let the Estate Tax Planning Games Begin - But Where Will...more

Proskauer Rose LLP

Let the Estate Tax Planning Games Begin - But Where Will They Land - the House Ways and Committee Has Spoken

Proskauer Rose LLP on

“President Biden and Democrats in the Congress have been working on a $3.5 trillion spending and tax package, and the details are starting to be revealed. Indeed, on Sunday, September 12th, the House Ways and Means Committee...more

Rivkin Radler LLP

Tax Increases Are In Sight

Rivkin Radler LLP on

Summertime in Washington- On August 11, the Senate passed the $3.5 trillion budget resolution for the 2021-2022 fiscal year – S. Con. Res. 14, as amended – by a vote of 50 to 49, strictly along party lines, including...more

Freeman Law

Can You Transfer Assets to Avoid Paying Taxes to the IRS?

Freeman Law on

In many cases, taxpayers attempt to transfer assets or property to third persons to shield those assets and property from the federal tax lien or federal tax levy. Predictably, the IRS has various tools at their disposal to...more

Dentons

Proprietary estoppel

Dentons on

Proprietary estoppel is a species of equitable estoppel where, when property is being transferred, an individual can make a claim on that property on the basis that the owner of the property had assured them that they would...more

Hodgson Russ LLP

IRS Rules Assets of an Inherited IRA May Not Be Transferred to a Non-IRA Account and then Back to the Inherited IRA Account

Hodgson Russ LLP on

When an individual died, the individual's IRA became an inherited IRA for the benefit of a trust.  The IRA custodian advised the trustees of the trust that they could not trade stocks in the IRA and that the assets of the IRA...more

Dentons

Real Estate Tax Facts

Dentons on

In this first edition, we discuss three court decisions and a new decree of the Dutch Ministry of Finance, all relating to the transfer or acquisition of real estate assets....more

Patterson Belknap Webb & Tyler LLP

Commercial Division Grants Order for Prejudgment Attachment Where Defendants’ Post-Litigation Transfer of Assets Could Frustrate a...

In In re Renren, Inc. Derivative Litigation, Justice Andrew Borrok of the New York County Commercial Division granted Plaintiffs’ order to show cause for prejudgment attachment against certain assets of defendants Oak Pacific...more

Weiner Brodsky Kider PC

Florida Passes Law Amending Homestead Assessments and Other Taxes

Florida Governor Ron DeSantis recently signed into law House Bill 7061, which amends certain taxes, including the ad valorem (property) tax and its application to homestead property. Other taxes impacted by the bill include,...more

Dentons

Bill C-208 – Tax relief for intergenerational business transfers on its way?

Dentons on

Bill C-208, An Act to amend the Income Tax Act (transfer of small business or family farm or fishing corporation) is a private member’s bill that proposes to put the intergenerational transfer of shares of certain qualifying...more

Caldwell Intellectual Property Law

The Sale Of Patents And NFTs

Patents and other intellectual property (IP) assets are among the most valuable and readily transferrable resources possessed by many firms. Transfer of IP and its use in financing agreements is an increasingly vital engine...more

Pullman & Comley, LLC

Top 3 Tax Considerations for Business Owners in the American Jobs Plan and American Families Plan

Pullman & Comley, LLC on

On Friday, May 28, 2021, the Treasury Department released the “General Explanations of the Administration’s Fiscal Year 2022 Revenue Proposals,” otherwise known as the “Green Book” for both the American Jobs Plan and American...more

Hogan Lovells

Vesting orders: back in vogue? Let’s hope so

Hogan Lovells on

Cyber fraud scams, typically involving fraudsters using spoofing / phishing tactics to bring about unlawful receipt of monies, have, unfortunately, been a mainstay in Hong Kong in recent years. As the fraudsters’ nefarious...more

Jones Day

In Brief: "Failing" Delaware Corporation Can Transfer Assets to Creditors in Lieu of Foreclosure Without Shareholder Consent

Jones Day on

In Stream TV Networks, Inc. v. SeeCubic, Inc., 2020 WL 7230419 (Del. Ch. Dec. 8, 2020), the Delaware Court of Chancery held that the assets of Stream TV Networks, Inc. ("Stream"), an insolvent Delaware-incorporated 3-D...more

Cadwalader, Wickersham & Taft LLP

IRS Issues Taxpayer-Favorable Debt Workout Ruling

In PLR 202050014, the IRS ruled that a parent would not recognize taxable gain when its disregarded entity transferred a newly formed corporation’s stock to creditors in satisfaction of its debt pursuant to a “G”...more

Thompson Coburn LLP

[Webinar] Business Opportunities; TP Asserts Substance over Form; Unincorp. Entity as S Corp - April 27th, 12:00 pm - 1:30 pm CDT

Thompson Coburn LLP on

This trifecta of topics, drawn from Steve Gorin’s 1st quarter 2021 newsletter, discusses gifts of services and business opportunities in light of developments in capital markets, describes a 2021 case of a taxpayer who recast...more

King & Spalding

FATF Releases Proposed Updates to Cryptocurrency Regulation Guidance

King & Spalding on

On March 19, 2021, the Financial Action Task Force (“FATF”), an intergovernmental body tasked with setting international standards aimed at preventing money laundering and terrorist financing (“FATF Standards”), released its...more

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Privacy Officer
JD Supra, LLC
150 Harbor Drive, #2760
Sausalito, CA 94965

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Privacy Officer
JD Supra, LLC
150 Harbor Drive, #2760
Sausalito, CA 94965

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Updates to This Policy

We may update this cookie policy and our Privacy Policy from time-to-time, particularly as technology changes. You can always check this page for the latest version. We may also notify you of changes to our privacy policy by email.

Contacting JD Supra

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