Tax rates are always a critically important factor in choosing the form of business organization, and the individual and corporate rates in 2017 and beyond demand a reconsideration of current businesses and a different analysis for new ventures. By comparing and contrasting the tax aspects of C corporations, S corporations, partnerships, sole proprietorships, and limited liability companies, this course focuses on distinctions that can make big differences.
DESIGNED FOR
CPAs who are considering starting a new business or who advise clients on the form of business organization that is best in light of recent tax law changes.
BENEFITS
- Identify the various business organizations available and their nontax criteria
- Distinguish the tax characteristics of a sole proprietorship, LLC/partnership, S corporation and C corporation
- Understand the formation and exit strategy tax issues
HIGHLIGHTS
- Tax considerations in the organization and the pitfalls to avoid
- Non-tax considerations
- Formation of a sole proprietorship, partnership, LLC, single member LLC, S corporation and C corporation
- Practical guidelines on which entity structure to use under various circumstances, and relevant changes in the law
- Choice of entity in structuring real estate investments or a professional business
- Fringe benefits and retirement plans: which entities have special advantages
- Liquidations, dissolutions, and dispositions of a business
COURSE LEVEL
Intermediate
PREREQUISITES
A beginner course in partnerships/LLCs and in S corporations.
ADVANCE PREPARATION
None
ADDITIONAL NOTES
- This seminar qualifies for CFP credit.