[WSBARP] Transfer of LLC Member Interests And Excise Tax

[Bickel, Dwight]

Been there, seen that shopping center corporation acquisition, paid the tax.

Then I had a client ask me the other day, "When a huge shopping center is sold, do you think the seller pays excise tax if they transfer the entity to the buyer (with possible problems!!!)?  It made me wonder if there is some way that sellers get around excise tax....by use of LLCs or something.

Then, just today, a good client asked me if he could get around excise tax by purchasing an existing LLC that owns real estate???

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