Tax Strategies for Real Estate LLC and LP Agreements: Capital Commitments, Tax Allocations, Distributions, and More
Partner and chair of Herrick's Tax Department, Louis Tuchman, served as faculty for a Strafford Live Webinar panel titled "Tax Strategies for Real Estate LLC and LP Agreements: Capital Commitments, Tax Allocations, Distributions, and More."
This CLE/CPE course prepared real estate counsel to deal with crucial tax issues and avoid costly mistakes in structuring agreements for real estate partnerships and LLCs. The panel offered best practices for drafting provisions that reflect effective tax compliance and examined the critical tax issues and consequences and related business arrangements of LLCs and LPs. The presenters explained and analyzed the drafting techniques necessary to implement such mechanisms.
The panel reviewed these and other key issues:
- What are the unique tax issues inherent in real estate LLCs and LPs?
- What are the common tax pitfalls in drafting real estate LLC and LP agreements?
- What are best practices for avoiding these drafting mistakes?