Check-the-Box and Beyond: The Future of Limited Liability Entities

This Symposium is an edited, hard-copy version of a national Internet symposium entitled "On-Line Symposium on the Future of Limited Liability Entities," which was conducted September 11-25, 1996, on the American Bar Association-sponsored LNET-LLC Internet discussion group. The principal focus of the Symposium was the impact of the new Internal Revenue Service ''check-the-box" characterization rules on the choice of entity analysis and, more generally, on the future of business associations. The participants also considered, in depth, the tax, liability, securities, and bankruptcy implications of the rapid proliferation of new forms of business entities.