Joint CLE Presentation: Business Law Committee and Taxation Law Committee Agenda

Time:  10:00 a.m. MCLE Hours: 1.0  Room: Truman A
Business Law Committee Chair: Christopher G. Kelleher, kelleher@thelawfirmforbusinesses.com
Taxation Law Committee Chair: Charles F. Jensen, cjensen@stinson.com

CLE Presentation

This meeting will feature a summary of tax reform efforts in Missouri and the adjacent states of Iowa, Nebraska, Kansas, Oklahoma, Arkansas and Illinois. A panel discussion will feature Amy Blouin of the MIssouri Budget Project and Professor Joseph Haslag of the Department of Economics at the University of Missouri - Columbia.

With business and tax lawyers in attendance, discussion topics will include:

Impact on new business formations in Missouri:
·  What are the pros and cons of formation of new businesses in Missouri vs. surrounding states?
·  What should Missouri lawyers advise their clients?
·  What ethical obligations do Missouri lawyers have to advise their new clients regarding business and tax developments in Missouri and surrounding states?

Impact on existing businesses in Missouri:
·  What are the pros and cons of moving an existing business from one state to the other?
·  What are the tax consequences of such a move?  (“F” reorganization vs. liquidation and reincorporation for corporation) (dissolution and reformation vs. mergers for partnerships or LLCs)
·  What should Missouri lawyers advise their clients?
·  What ethical obligations do Missouri lawyers have to advise their existing clients regarding business and tax developments in Missouri and surrounding states?  

Does this issue make a major difference to a Missouri business relative to other legal issues (employment environment, growth prospects, general business climate, other taxes)?
·  Relevance of this issue for businesses in cities or communities that border other states (Kansas City, St. Louis, Hannibal are examples) vs. businesses well within the state of Missouri

What are the prospects for future developments in this area?
·  Will the states continue to “raid” each other in attempts to foster economic development at the expense of bordering states?
·  Examples of businesses crossing the border for better economic deals than what they currently receive in their “home” state