Business Succession Planning – B02


Business Law/Tax Law Track
Tax Section 

Session B: 11:20 a.m. – 12:20 p.m.  

About the Program

The presentation will discuss the legal, tax, and psychological issues surrounding business succession planning.   

You Will Learn

    • How to structure business succession plans  
    • Key issues involved in implementing a successful plan  
    • About hypothetical fact patterns 

Speakers

Morris W. Banks, Pullman & Comley LLC, Hartford 

Morris W. Banks practices in the areas of corporate law, corporate securities, taxation, mergers and acquisitions and succession planning for closely held businesses.  He has counseled numerous emerging and early stage companies and has been involved in more than $100 million of venture capital financings.

In addition to his substantial practice in the mergers and acquisitions arena, Moe has prepared and filed numerous requests for Private Letter Rulings and has received favorable rulings with respect to complex corporate reorganizations, divisive transactions and corporate re-capitalizations and restructurings in furtherance of closely held and family tax and succession planning engagements.

He has counseled clients in the motion picture industry with respect to the financial arrangements between producers and investors, qualifying for the Connecticut tax credit for certain costs associated with the production of digital media and motion pictures incurred in the State of Connecticut, employment agreements with performers and production staff, location agreements, and complex profit sharing arrangements with various participants in the development and production of media properties.

Moe has lectured on business planning at the University of Connecticut School of Law where he was an adjunct faculty member for over 30 years. He is an author of various articles related to taxation and business matters. Topics have included tax considerations in the purchase and sale of business interests, succession planning for the successful family business, forms of venture capital and structure of venture capital pools, and taxable and tax free mergers and acquisitions. A frequent lecturer before professional groups, Moe has participated as a panel member in symposia sponsored by the Connecticut Bar Association, the Federal Tax Institute of New England, the Connecticut Society of Certified Public Accountants, the Hartford County Bar Association, the University of Connecticut Income Tax School and various business groups such as the Connecticut Business and Industry Association.  

Luke T. TashjianWhitman Breed Abbott & Morgan LLC, Greenwich 

Luke Tashjian is a partner at Whitman Breed Abbott & Morgan in Greenwich, Connecticut. His practice includes designing estate plans and preparing estate planning documents; structuring tax efficient transactions and advising clients on the tax effects of proposed transactions; preparing corporate documents and representing businesses in sales, acquisitions, and mergers; and representing parties in tax controversies and collection matters. Luke also represents clients before the Connecticut probate courts and the Connecticut superior court in probate matters, including guardianships and conservatorships, and before the U.S. Tax Court and the U.S. District Court in tax matters.
Luke graduated first in his class from the Boston University School of Law Graduate Tax Program in 2010 with an LL.M. in taxation after having received his J.D., with honors, from the University of Connecticut School of Law in 2006 and his B.A., summa cum laude, from the University of Connecticut in 2003.

Luke’s recent published works include The Use of Beneficiary Defective Trusts in Modern Estate Planning, 48 A.B.A. REAL PROP. TR. & EST. L.J. 353 (2014) and The Survival of Universal Health Care in Massachusetts, 32 W. NEW. ENG. L. REV. 141 (2010).

At the state level, Luke is chair of the Connecticut Bar Association’s Tax Section, is a member of the Tax Section’s Executive Committee. At the county level, Luke is co-chair of the Fairfield County Bar Association’s Tax Committee. At the local level, Luke is a member of the Stamford Tax Association.

 

CLE Credit: 1.0 Hours (CT: 1.0 General; NY: 1.0 AOP)