Choice of and Formation of Entity - Tax Staff Essentials
Provides an overview of the ever-increasing tax advantages and disadvantages of general and limited partnerships, C and S corporations, LLCs, and LLPs, as well as individual proprietorships.
Format
Online
NASBA Field of Study
Taxes
Level
Intermediate
CPE Credits
7
Author(s)
Charles A. Borek
Availability
1 year
Product Number
157747
Save when you buy the complete Tax Staff Essentials, Level 2 online bundle.
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. Likewise, it is equally important to know when an entity change is needed as well as the tax consequences of the sale or liquidation of the various forms of doing business.
Updated for Tax Reform, this self-study course provides an overview of the ever-increasing tax advantages and disadvantages of general and limited partnerships, C and S corporations, LLCs, and LLPs, as well as individual proprietorships.
This course will help you hone in on the key issues surrounding the myriad of factors that drive the optimal form of organization for a business. It also includes several case studies from reallife client situations.
- CPA firm seniors (and above) and other tax professionals looking for the best techniques to select various entity forms to solve their clients' tax and business problems
- Types of entities
- Formation and elections
- Start-up and organization costs
- Advantages and disadvantages comparison
- Understand the types of business entities and the tax advantages and disadvantages of each.
- Identify circumstances that warrant converting from S to C Corporation and gain a basic understanding of how to make the conversion.
- Interpret tax issues related to the formation of a corporation.
- Evaluate other considerations regarding different entities and the impact on the business owner.
Group ordering for your team
2 to 5 registrants
Save time with our group order form. We’ll send a consolidated invoice to keep your learning expenses organized.
Start order6+ registrants
We can help with group discounts. Call us at 1-800-634-6780 (option 1) or email us at salessupport@aicpa.org
Contact usThe Association is dedicated to removing barriers to the accountancy profession and ensuring that all accountancy professionals and other members of the public with an interest in the profession or joining the profession, including those with disabilities, have access to the profession and the Association's website, educational materials, products, and services. The Association is committed to making professional learning accessible to all. This commitment is maintained in accordance with applicable law. For additional information, please refer to the Association's Website Accessibility Policy. For accommodation requests, please contact adaaccessibility@aicpa-cima.com and indicate the product that you are interested in (title, etc.) and the requested accommodation(s): Audio/Visual/Other. A member of our team will be in contact with you promptly to make sure we meet your needs appropriately.
Log in to apply your member discount.