C-Corp. Conversions Not Attractive To All Pass-Throughs

Law360 (May 3, 2018, 8:49 PM EDT) -- Investment firm KKR & Co. LP will have an easier time attracting foreign investors following its Thursday revelation that it will reorganize itself to take advantage of the new federal tax law, but the move comes with risks that could deter other businesses from following suit.

For the first time since KKR went public almost a decade ago, the asset manager announced that it will undertake a major shakeup by converting from a pass-through entity, which passes income on to business owners to be taxed at individual rates, to a C corporation, subject to corporate-level taxes.

Pass-throughs have typically been perceived...

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