UP-C Initial Public Offering Structures: Overview | Practical Law

UP-C Initial Public Offering Structures: Overview | Practical Law

This Practice Note provides an overview of the Umbrella Partnership – C-corporation (UP-C) initial public offering (IPO) structure and selected related legal and tax considerations. By implementing an UP-C structure instead of more traditional IPO structures and entering into tax receivable agreements, pre-IPO owners of businesses taxed as partnerships can receive substantial post-IPO tax benefits.

UP-C Initial Public Offering Structures: Overview

Practical Law Practice Note w-009-1403 (Approx. 10 pages)

UP-C Initial Public Offering Structures: Overview

by Joshua Ford Bonnie, William R. Golden, and Andrew B. Purcell, Simpson Thacher & Bartlett LLP, with Practical Law Corporate & Securities
Law stated as of 26 Apr 2023USA (National/Federal)
This Practice Note provides an overview of the Umbrella Partnership – C-corporation (UP-C) initial public offering (IPO) structure and selected related legal and tax considerations. By implementing an UP-C structure instead of more traditional IPO structures and entering into tax receivable agreements, pre-IPO owners of businesses taxed as partnerships can receive substantial post-IPO tax benefits.