Learn about the various types of business entities and how to select the appropriate entity. Understand the management, organizational structure, and tax advantages/disadvantages of the S Corporation. In addition, review the fiduciary duties of business owners and shareholders for different types of business entities.
Review key cases, analyze developments in the last 5 to 10 years, and understand (going forward) the creation, operation, and dissolution of family limited partnerships. Implied agreement cases, Strangi II control cases, bona fide sales exceptions under Bongard, and possible implications related to the Estate of Powell will be covered.