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Valuation Implications of the Tax Cuts and Jobs Act of 2017
The Tax Cuts and Jobs Act of 2017 (TCJA) was signed into law by President Trump on Dec. 22, 2017. The President referred to the legislation as the biggest tax cut in American history, with substantial reductions in both corporate and personal income tax rates. Whether or not that holds true, it is by far the most significant income tax legislation since 1986, when the passive activity rules were first enacted.
The TCJA will have significant impact on the value of Subchapter C corporations, as well as pass-through entities and the owners thereof. This article focuses first and primarily on the impact of tax reform on C corporations. Second, it looks briefly at the significant and complex changes to pass through entities, which include Subchapter S corporations, limited liability corporations and partnerships and sole proprietorships. This latter pass-through taxation aspect will dramatically change the tax landscape for the owners of these pass-through entities as they assess the impact of the TCJA on their individual income tax obligations.
Corporate Taxes are Lowered
With the election of Donald Trump in late 2016, the public markets began to anticipate that he would follow through on one of his primary campaign promises to cut business taxes in order to make American corporations more competitive on the world stage.
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Why So Many Great Lawyers Stink at Business Development and What Law Firms Are Doing About It
Why is it that those who are best skilled at advocating for others are ill-equipped at advocating for their own skills and what to do about it?
Bankruptcy Sales: Finding a Diamond In the Rough
There is no efficient market for the sale of bankruptcy assets. Inefficient markets yield a transactional drag, potentially dampening the ability of debtors and trustees to maximize value for creditors. This article identifies ways in which investors may more easily discover bankruptcy asset sales.
The DOJ's Corporate Enforcement Policy: One Year Later
The DOJ's Criminal Division issued three declinations since the issuance of the revised CEP a year ago. Review of these cases gives insight into DOJ's implementation of the new policy in practice.
A Lawyer's System for Active Reading
Active reading comprises many daily tasks lawyers engage in, including highlighting, annotating, note taking, comparing and searching texts. It demands more than flipping or turning pages.
Risks of “Baseball Arbitration” in Resolving Real Estate Disputes
“Baseball arbitration” refers to the process used in Major League Baseball in which if an eligible player's representative and the club ownership cannot reach a compensation agreement through negotiation, each party enters a final submission and during a formal hearing each side — player and management — presents its case and then the designated panel of arbitrators chooses one of the salary bids with no other result being allowed. This method has become increasingly popular even beyond the sport of baseball.