Tax rates are always a critically important factor in choosing the form of business organization, and the individual and corporate rates in 2015 and beyond demand a reconsideration of current businesses and a different analysis for new ventures. By comparing and contrasting the tax aspects of C corporations, S corporations, partnerships, sole proprietorships, and limited liability companies, this course focuses on distinctions that can make big differences. This in-depth course will cover planning opportunities and potential pitfalls in developing a business structure. This course is a must for all practitioners.

Objectives: * 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

Major Subjects: * Tax considerations in the organization of an enterprise and the pitfalls to avoid * Non-tax considerations * How income tax rates affect choice of entity * Formation of a sole proprietorship, partnership, LLC, single-member LLC, S corporation, and C corporation * Practical guidelines on which entity structure to use under various circumstances, and relevant changes in the law * 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 * Choice of entity in structuring real estate investments or a professional business * Fringe benefits and retirement plans: which entities have special advantages * Liquidations, dissolutions, and dispositions of a business

Prerequisite: A basic course in partnerships/LLCs and in S corporations

Advanced Prep: None

Speaker: Dennis Benvie, MS, CPA

Vendor: Surgent McCoy

Field of Study: Taxes (8)

Level: Intermediate

CPE Credit: 8 Hours

Acronym: CBES

Registration Fees: $219.00

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