KKR Changing Tax Status to Corporation

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As I recently discussed on this blog, the recent tax reform has brought new tax rates and deductions, which reopen the question whether your choice of entity is still right under these new rules.  (Prior article discussing this can be found here).  We are starting to see large businesses making this change, as reflected in yesterday’s announcement that the large, publicly traded partnership KKR & Co. will be converting to a corporation effective July 1, 2018.

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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