Before the budding of spring flowers, a new coronavirus emerged from obscurity to a worldwide pandemic known as COVID-19. After the World Health Organization declared the coronavirus a global pandemic, defensive measures imposed by governments brought economies to a standstill and sent markets into nosedives. Coupled with the effects of falling prices of crude oil, the equity markets in the U.S.
The unprecedented economic circumstances stemming from the COVID-19 pandemic are only beginning to be understood and will likely be felt for some time. In the M&A world, the events of 2008/2009 provide a playbook of sorts for navigating the current crisis and the months ahead. Business owners who are considering whether to reopen or sell should focus on liquidity as the lifeblood of their companies.
One major benefit of an S Corporation for owners is that it provides limited liability protection regardless of tax status. Brian Jankowsky, counsel at Schiff Hardin and Olga Bogush, partner at Schiff Hardin, sat down with Wilmington Trust’s Chief Wealth Strategist Alvina Lo, to review other advantages of an S corporation and what you should consider before making an election.Download Transcript >Please see important disclosures at the end of the video.