BLN Open Meeting (Wellesley) - Feb 16, 2006

Event: "What Lawyers Should Know About Business Trusts"
Speaker: Kevin F. Long, Esq.
Date: February 16, 2006 (Thursday)
Time: 7:30am
Place: Rebecca's Café, 55 William Street, Wellesley Office Park

When should you form a Massachusetts Business Trust (MBT)? What is a MBT anyway? If a Massachusetts business generates more than $6 million in revenues (either from operations or sale of the business), an MBT could save the owners thousands of dollars in taxes. How do you form an MBT? Do you need to plan ahead? What are the advantages or disadvantages under federal and Massachusetts law? What are the liability issues? How much do they cost to maintain?

Kevin Long, a partner at Long & Bott, P.C., is both an attorney and a CPA. He represents taxpayers before the IRS and state revenue departments, advises businesses with respect to entity formation, restructuring and succession planning and provides estate and income tax planning to high net worth individuals. Mr. Long was President from 2003 - 2004 and has served as on the Board of Directors and as Chair of the State Tax and Legislation Committees of the Massachusetts Society of Certified Public Accountants, Inc. He has also been a member of the Taxation Section Council of the Massachusetts Bar Association. Mr. Long received a B.S. from Boston College in 1979 and a J.D. from Boston College Law School in 1982.