2010 Tax Relief Act—Equity Capital Opportunities for Small Business
Author: Robert B. Webb.; Michael G. Meissner.; Helen Jensen .
Source: Volume 28, Number 03, Spring 2011 , pp.39-42(4)
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Abstract:
The Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 extends through the end of 2011 the opportunity for small businesses to issue Tax-Free Stock under Section 1202 of the Internal Revenue Code. Small businesses—as well as banks or private equity or venture funds that invest in them—should hasten to consider taking advantage of this short-term option for raising capital. The authors set out the basic requirements to be met.Keywords: IRC Section 1202; capital gains; Qualified Small Business Stock; 1202 Stock
Affiliations:
1: Squire, Sanders & Dempsey (US) LLP; 2: Squire, Sanders & Dempsey (US) LLP; 3: Squire, Sanders & Dempsey (US) LLP.