A hedge fund client held convertible note in a company that restructured outstanding debt. As part of restructure, the note was exchanged for two separate Term Loans.
Mr. Rowley is a part of the portfolio valuation group specializing in valuations of complex investments, including residential mortgage investments, venture capital, privately-held debt securities,…
The most significant court case was probably Gross vs. Commissioner, which held that an S-Corp has a tax rate, but that tax rate was zero.
Why does an entity choose to convert from a C corporation to an S corporation?