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ARES - KKR At Last Goes From Partnership To Corporation - Investors Win
Ares Management Corporation Class A
KKR & Co. L.P. (KKR) announced last Thursday that it would finally be changing the legal structure for its company's stock from its current partnership status to a C corporation. KKR has long considered doing so, but the resulting increases in tax liability were considered too high until the 2017 U.S. tax reform bill reduced the resulting tax rate increase.
By changing its structure, KKR will likely be able to partially begin to climb out of the quicksand that it and many other publicly traded partnerships have faced. Public confusion over the specific