Business Law
Business Law News 2014, ISSUE 3
Content
- Bln Editorial Board: Message from the Editor
- Business Law News Editoral Team
- Business Law News Table of Contents
- Business Law Section Executive Committee Members 2014-2015
- Executive Benefits Ins. Agency v. Arkison (In re Bellingham Ins. Agency, Inc.): United States Supreme Court Defines the Statutory Boundaries of Article I Bankruptcy Judges after Stern v. Marshall
- Executive Committee: Message from the Chair
- Executive Committee of the Business Law Section 2013-2014
- Ponzi Schemes and Poker-Is Recovering Gambling Losses a Winning Hand?
- Standing Committee Officer Appointments
- Standing Committee Officers of the Business Law Section 2013-2014
- Test Your Knowledge: Recent Developments in Insolvency Law
- The Interest Tail Wags the Profit Dog
- Troubled Waters: Navigating the Tax Issues of Llcs with Bridge Debt
Troubled Waters: Navigating the Tax Issues of LLCs with Bridge Debt
William Skinner, Esq.1
William R. Skinner, Esq. is a tax associate with Fenwick & West LLP, in Mountain View, CA. He practices in the areas of international taxation, corporate/M&A tax, taxation of financial instruments and tax controversy. He has significant experience in international tax planning, tax controversies involving sophisticated international and domestic tax issues, and in the taxation of corporate transactions, such as mergers, acquisitions, financings, debt and equity offerings, and entity formations.
Introduction
It is an all-too-common occurrence in the venture capital community to extend bridge loans to portfolio companies in order to help them to reach the next round of equity financing or attempt a sale. Often these loans are convertible into equity at the holder’s election or automatically upon the next preferred stock financing that meets a defined set of criteria. Sometimes these loans are secured by the assets of the borrower.