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News Article

Merrick Benn Gives Presentation on “The Case for Equipment Leasing”

March 17, 2011

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BALTIMORE—Womble Carlyle attorney Merrick Benn gave a presentation on “The Case for Equipment Leasing: The New Tax Law and Bonus Depreciation” to the Association of Corporate Counsel New to In-House Committee. The presentation took place on Wednesday, May 16th.
 
When structured properly and undertaken in the right circumstances, equipment leasing can offer tremendous flexibility. The new federal Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act create even greater incentives for companies to participate in the equipment leasing arena. Benn’s presentation covered:
 
  • Provisions of the law that directly relate to capital expenditures and financing and how to take advantage of such provisions—as well as how to avoid some of the not-so-apparent pitfalls—in order to maximize benefit to your company from a legal and regulatory perspective.
  • Situations in which the new Tax Law can advance corporate needs.
  • Effective negotiation and structuring of deals to take full advantage of the benefits such laws have to offer while avoiding unintended consequences.
  • General benefits of leasing.
  • The host of legal issues—from commercial law (UCC Articles 2A and 9) to tax law, from accounting concerns to state and federal regulatory ramifications—involved in lease transactions.
Merrick Benn’s practice focuses on personal property commercial financing with an emphasis on negotiating and documenting middle market and big ticket transactions involving all equipment types and classes including manufacturing lines, aircraft (corporate and commercial), vessels (barges and tankers), railroad rolling stock, software, and technologies. He is a frequent lecturer on the negotiation and documentation of equipment lease transactions. Benn practices in Womble Carlyle’s Baltimore office.
 

This document is intended as an informational reminder and does not constitute legal advice. If you have any questions or would like to discuss a particular situation, please contact Womble Carlyle Sandridge & Rice, LLP. The purpose of this article is to provide general information about significant legal developments and should not be construed as legal advice on any specific facts and circumstances.