Lazard LAZ, -0.51% said Tuesday it has officially changed its full formal name to Lazard Inc. from Lazard Ltd. as part of its conversion to a U.S. C-Corp. under Delaware law from a limited partnership. Starting in 2024, distributions will be paid as dividends for U.S. tax purposes with shareholders receiving 1099 income statements rather than K-1 partnership income statements. Lazard Chief Executive Peter R. Orszag said the new structure “will expand our shareholder base by simplifying tax reporting and en ...