CCT6
COMPARING AND CONTRASTING THE TAX ASPECTS OF S CORPORATIONS, PARTNERSHIPS, C CORPORATIONS, SOLE PROPRIETORSHIPS,
AND LIMITED LIABILITY COMPANIES ("GET DONE EARLY" VERSION)

This unique course compares and contrasts the tax aspects of C corporations, S corporations, partnerships, sole proprietorships, and limited liability companies. The choice of business organizations continues to undergo upheaval with changes in tax law. This in-depth course will cover planning opportunities and potential pitfalls in developing a business structure. This course is a must for all practitioners.
Please note: This course consists of a 6-hour live seminar plus 2 hours of optional self-study.

Major topics include:
  • Understanding when to use entity structures; limited liability partnerships and limited liability companies; and relevant, recent 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
  • Tax considerations in the organization of an enterprise and the pitfalls to avoid
  • Non-tax considerations
  • Choice of entity in structuring real estate investments
  • How to structure a professional business
  • Fringe benefits and retirement plans: special advantages of certain entities
  • Liquidations, dissolutions, and dispositions of a business
  • Practical guidelines on what entity structure to use under various circumstances
  • Reviewing the issues in light of the reduced tax rate on dividends and capital gains
  • Impact of the manufacturers' deduction on choice of entity

Designed for: CPAs who are considering starting a new business or who advise clients on the form of business organization that is best in light of recent tax law changes.

Level of knowledge: Intermediate

Field of study: Taxes