Drafting Real Estate Partnership and LLC Agreements, ABA Section of Taxation
American Bar Association, Section of Taxation
May 7, 2011
2:00 – 4:00 pm
This panel discussed the general tax considerations and common mistakes in drafting partnership or LLC agreements for real estate partnerships.
The conversation covered topics such as:
- Do I need that incoherent tax boilerplate and why?
- Should I liquidate in accordance with capital accounts?
- What is a tax distribution and when do I need one?
Moderator: Brian O’Connor, Venable LLP, Baltimore, MD
Panelists: Terence Cuff, Loeb & Loeb LLP, Los Angeles, CA; Steven R. Schneider, Goulston & Storrs, Washington, DC; Robb Longman, McMillan Metro, P.C., Rockville, MD