Advanced Subchapter S Agenda

• Kathleen Costello, CMP, Assistant Director, NYU School of Professional Studies, New York, NY

This session explores entity classification under the check-the-box regulations, including developments in the law, limitations under the regulations, flexibility and planning opportunities created by the regulations, traps that exist for the unwary, and practical guidance for tax advisers.

• Larry J. Brant, Esq., Shareholder, Foster Garvey PC, Portland, OR

• Stephen R. Looney, Esq., Shareholder, Dean Mead, Orlando, FL

• Mitchell A. Newmark, Esq., Partner, Blank Rome, New York, NY
• Eugene J. Gibilaro, Esq., Of Counsel, Blank Rome, Tampa, FL

• Drew Hermiller, Esq., Senior Associate, Nelson Mullins Riley & Scarborough, Charleston, SC
• Chip Gray, Esq., Senior Associate, Nelson Mullins Riley & Scarborough, Orlando, FL

• Terence Floyd Cuff, Esq., Of Counsel, Loeb & Loeb, Los Angeles, CA

• Richard H. Greenberg, Esq., CPA, Member, Greenberg & Shulman, Attorneys at Law, Woodbridge, NJ

The speakers describe the available alternatives used to give key employees an ownership interest in the business. For each alternative they cover the income tax treatment, the business reasons why one alternative is better suited than another, the financial factors to consider for each alternative and the estate planning benefits for each alternative. The objective is to demonstrate how the income tax, the business objectives and the financial concerns all need to be evaluated in order to decide upon the alternative best suited for a particular business. They also describe how children who will not be involved in a business owned and managed by key employees can still have a financial interest in the operating business.   

• Stephen M. Breitstone, Esq., Partner, Meltzer, Lippe, Goldstein & Breitstone, Mineola, NY and New York, NY
• Jerome M. Hesch, Esq., Counsel, Meltzer, Lippe, Goldstein & Breitstone, Boca Raton, FL

• Michael Sardar, Esq., Partner, Kostelanetz & Fink, New York, NY