Latest Thinking | Private Equity

Proposed Tax Legislation May Affect Taxation of Profits Interests Issued to Management− Preemptive Action May Be Appropriate

A July Special Edition of Weil, Gotshal & Manges' Private Equity Alert is now available. This issue reports on proposed tax legislation that may affect the taxation of profits interests in limited liability companies issued to management and concludes that it may be desirable for the owners of certain types of limited liability companies to consider the possibility of restructuring those companies prior to the effective date of this legislation (or any other similar legislation) to reduce the adverse tax consequences to management.

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