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| Corporate Governance |
"Terms of Agreement" - Jerry Blanchard published
American Executive
Winter 2007
Gerald L. Blanchard
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The New Subchapter S Laws: A Boon for Community Banks
Financial Institutions
Banking Law Journal
August 2005
Recent tax law changes have created new opportunities and unanticipated pit-falls for banking institutions interested in making an S corporation election. A bank's decision to pursue S corporation status requires a reexamination of existing rules, planning and an evaluation of the benefits and risks associated withthree new tax provisions. These provisions increase the number of S corporation shareholders from 75 to 100, allow family members to elect to be treated as one shareholder, and expand bank S corporation eligible shareholders to include IRAs.
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