CCTA
COMPARING AND CONTRASTING THE TAX ASPECTS OF S CORPORATIONS, PARTNERSHIPS,
C CORPORATIONS, SOLE PROPRIETORSHIPS,
AND LIMITED LIABILITY COMPANIES
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.
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
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