Practical Skills: Business/Corporate & Banking Law Practice (NY)
- Publisher:
- New York State Bar Association
- Publication date:
- 2021-04-30
- ISBN:
- 978-1-57969-006-9
Index
- II. Different Forms of Doing Business
- A. Sole Proprietorship
- B. General Partnership
- C. Limited Partnership
- D. “Old” Limited Partnerships
- E. Revised Limited Partnership Act
- F. Joint Venture
- G. Joint-Stock Association
- H. Corporation
- I. Benefit Corporation
- J. Limited Liability Company
- K. Limited Liability Partnership
- L. Practical Considerations Raised By the Tax Cuts and Jobs Act of 2017
- III. Corporation
- A. Place of Incorporation
- B. Tax Considerations of A Corporation
- C. Professional Corporations
- D. Foreign Corporations
- E. Corporation As A Legal Person and Separate Entity
- F. Exceptions To Limited Liability
- G. Shareholders’ Agreement Shareholders’ Agreement
- H. Forming the Corporation
- I. Issuing Shares of Stock
- J. Bylaws
- K. Board of Directors
- L. Shareholders’ Meetings Shareholders’ Meetings
- M. Officers
- N. Amendments To Certificate of Incorporation
- O. Mergers and Consolidations
- P. Dissolution of Corporation
- lV. Ethical Concerns
- V. Use of Alternative Dispute Resolution
- Corporate and Partnership—Index of Forms
- II. Pre-Contract
- A. Reviews
- B. Business Value
- C. Form of Transfer
- D. Negotiations
- E. Confidentiality
- F. Brokerage Agreements
- G. Letters of Intent
- H. Notice To Prospective Purchasers
- III. Contract Stage
- A. General Format of the Contract
- B. Particular Contract Provisions
- lV. Pre-Closing
- A. Generally
- B. Closing Documents
- C. Searches
- D. Notices
- V. Closing
- VI. Post-Closing Stage
- A. Filing
- B. Closing Memorandum
- C. Further Action
- D. Documents
- E. Organization and Operation
- VII. Conclusion
- Buying and Selling A Small Business—Index of Forms
- I. Introduction
- B. Choice of Organizational Form
- II. General Tax Questions Before Incorporation
- A. Taxation of Gains and Losses Realized
- B. Is Corporate Form Upheld For Tax Purposes?
- C. Are Other Business Organization (Noncorporate) Forms Taxed As Corporations?
- III. Formation of A Corporation; Transfers To A Corporation
- A. Policy
- B. Tax Consequences To Transferor
- C. Tax Consequences To Corporation
- lV. Feasibility of Qualifying For I.R.C. § 351 Tax-Deferred Exchanges
- A. Transferors of Property Control Corporation
- B. Property and Services Distinguished
- C. Stock and Securities
- D. Liabilities
- V. Desirability of Taxable Exchanges Versus Tax-Deferred Exchanges
- VI. Records to be Kept and Information to be Filed
- A. Transferors
- B. Transferee Corporation
- C. Permanent Records; Substantiation Information
- VII. Ancillary Questions
- A. Gain on Sale of Depreciable Property To A Controlled Corporation
- B. Organizational Expenditures of A Corporation
- C. Start-Up Expenditures
- VIII. Detailed Analysis of I.R.C. § 351 and Related Sections
- A. Basis of Stock and Securities Received
- B. Holding Period
- C. Effect of Various Transfers on Corporation and Shareholders
- lX. Summary of I.R.C. § 351 and Related Sections
- X. I.R.C. § 351 and Related Sections: Examples
- XI. I.R.C. § 351 and Related Sections: Flowchart
- XI. I.R.C. § 351 and Related Sections: Flowchart
- I. Introduction
- II. Bank-Depositor Relationship
- III. Types of Accounts
- A. Joint Accounts
- B. Convenience Accounts
- C. Tenancy in Common Accounts
- D. Totten Trusts
- E. Custodian Accounts
- F. Establishing Other Fiduciary Accounts