While only one of many factors, tax rates are a very important factor in choosing the form of business organization. This unique course compares and contrasts the tax aspects of C corporations, S corporations, partnerships, sole proprietorships, and limited liability companies. This in-depth course will cover planning opportunities.
CPAs who are considering starting a new business or who advise clients on the form of business organization that is best
* 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 * Through a case study, sharpen advocacy skills, particularly before the IRS Appeals Office, if a choice-of-entity issue arises
* How tax reform, proposed and enacted, affects choice of entity * Comparing and contrasting the tax aspects of partnerships with sole proprietorships, S corporations with partnerships, C corporations with S corporations, and partnerships with C corporations, and limited liability companies with all other entities * Tax considerations in the organization of an enterprise and the pitfalls to avoid * Non-tax considerations * Practical guidelines on what entity structure to use under various circumstances * Impact of the manufacturers' deduction on choice of entity
A basic course in partnerships/LLCs and in S corporations