Solving the Choice of Entity Riddle: Key Tax and Business Implications (111011-13)
Description
Choice of entity issues are relevant throughout the life of a business.
When starting a new business, a crucial first decision is choosing the
correct form of entity to accomplish the company’s goals. This course
targets the ever-increasing tax advantages and disadvantages of general
and limited partnerships, C and S Corporations, LLCs and LLPs, as well
as individual proprietorships. Hone in on key issues surrounding the
factors that drive the optimal form of organization for a business.
Explore plenty of case studies from real-life client situations.
Learning Objectives
Make the
best decision when forming a tax entity
Avoid getting snared by the
complex tax law provisions on the selection, organization, restructuring
and liquidation of business forms
Match business and tax strategies to
the appropriate business form
Major Topics
Advantages and pitfalls of placing assets likely to appreciate into
specific entity forms
Retirement and fringe benefit opportunities
Using multiple forms to accomplish business goals while protecting
specific assets
Controlled-entity sales to reduce the risk of OdealerO
status for future real property development
Selecting the right entity
to avoid gain when assets are transferred with liabilities in excess of
tax basis
Using an entity to allocate income and loss
disproportionately to ownership capital
Using an entity to allow an
owner to receive a tax-free distribution of property
