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The course content is designed and presented to assist you in assessing the implications and comparing the options available for a business entity at both the inception of the business and throughout its life. While it is impossible to know in advance all of the possible outcomes that could impact a business, it is important to consider tax issues related to formation, operation, distribution(s), and business terminations or sales when the entity is formed.
- C Corporations, S Corporations, General Partnerships, Limited Partnerships, Limited Liability Partnerships, LLCs, Series LLCs, Sole Proprietorships
- Creditor Protection
- 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
This course will arm you with clarity about alternatives regarding choice of entity, and enable you to have more focused discussions and to offer recommendations to clients who own a business or are planning to do so.
Prerequisite: Pass-Through Entities Income Tax Boot Camp, S Corporation Fundamentals, and 2013 Corporate Income Tax Boot Camp or 3+ years of tax services experience (PFIT)
Advanced Preparation: None