Understand how drop shipments work.
A drop shipment is situation in which the retailer does not keep any goods or inventory it sells in stock and instead uses a third party to fulfill its customer's orders. The third party can be a variety of different things such as a wholesaler, a manufacturer, or even another retailer. This video reviews the different roles that the retailer, the supplier and the customer play and discusses why some retailers choose to use drop shipments and when types of drop shipments are available.
Agenda
Faculty
Matthew E. Foreman, J.D., LL.M.
Falcon Rappaport & Berkman LLP
· Partner and Co-chair of the Taxation Practice Group at Falcon Rappaport & Berkman LLP
· Advises businesses on the tax effects of a variety of corporate transactions, including taxable and tax- free reorganizations, mergers, sales, and acquisitions
· Advises clients on a variety of tax issues related to cryptocurrencies, including initial coin offerings (ICOs), taxability of staking and air drops, taxability and governance of DAOs, and the imposition of Sales and Use taxes on the issuance of non-fungible tokens (NFTs)
· Admitted to practice law in New York State and New Jersey, and admitted to practice before the United States Tax Court; Member, New York City Bar Association; Secretary, State and Local Tax Committee of New York City Bar Association; Member, Task Force on Digital Technologies; Member, Tax Section of New York State Bar Association
· Rated as a New York Metro SuperLawyer in the field of Taxation
· LL.M. degree in taxation, New York University School of Law; J.D. degree, The Pennsylvania State University, Dickinson School of Law; B.S. degree, University at Albany, State University of New York
· Can be contacted at 212-203-3255 or [email protected]
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