It will provide general background on the corporate law, securities law and tax law pertaining on acquisitions in general, and then go on to examine several of the special problems which arise in connection with hostile tender offers. Depending on the demand for this course it may either be taught as a course or in seminar format. This course will cover the taxation of partnerships, limited-liability companies, and corporations. The emphasis is on closely held firms and their owners. The purpose of this course is to explore the justification for wealth taxation, the effectiveness of current law, and the alternative methods of wealth taxation.
Emphasis is placed on the identification of the tax base and the taxpaying unit.
The course may also survey the income tax effects which flow from an individual's death, the income taxation of grantor trusts, and related income tax issues. Federal Income Tax I and Trusts and Estates . Most new small businesses are today being organized as limited-liability corporations. This course will examine the tax treatment of partnerships and LLCs, including choice of entity, formation of partnerships and LLCs, contributions of property to these entities, the pass-through method of taxation, sales of partnership and LLC interests, and the retirement or death of a partner or member. To make an intricate body of law accessible, we will focus on simple entities holding few assets and engaging in routine transactions.