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Choice of Entity Considerations Under the Current Tax Law

Author/Moderator: William Harden, CPA, ChFC, Ph.D.
Publisher: AICPA
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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. This CPE 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. It will help you hone in on the key issues surrounding the myriad of factors that drive the optimal form of organization for a business. The course also includes several case studies from real-life client situations.

Topics Discussed:

  • C Corporations, S Corporations, general partnerships, limited partnerships, limited liability partnerships, LLCs, series LLCs, sole proprietorships
  • Reasonable owner salary
  • Flow-through treatment of income or loss
  • Split-ups, split-offs, spin-offs
  • Transfers to and from an entity
  • Tax rate considerations
  • Mergers and acquisitions
  • Changing form of entity

Learning Objectives:
When you complete this course, you will be able to:

  • Make the best decision when forming a tax entity.
  • Know precisely when an entity change is needed to achieve business or tax advantages.
  • 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.

Prerequisite:  Basic understanding of corporate income tax

Advanced Preparation:  None

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NASBA Field of Study: Taxes
Level: Intermediate
Recommended CPE Credit: Text - 10; On-Demand - 6
Choice of Entity Considerations Under the Current Tax Law
Text , 2014
Product# 753385
Availability: In Stock
AICPA Member:$155.00
Your Price:$193.75
Choice of Entity Considerations Under the Current Tax Law
CPE Webcast On-Demand , 2014
Product# 163750
Availability: Online Access 1 Year
For registered users only
AICPA Member:$95.00
Your Price:$118.75
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