The purpose of this course is to provide an in-depth discussion of selected advanced-level issues affecting LLCs and LLPs. The focus is to analyze the unresolved issues of these emerging business forms.

Major topics include:

• The great tax nothing: Single-member limited liability companies.
• How the IRS views members or partners for Social Security purposes.
• Debt issues and problems in structuring LLCs and LLPs, including loan guarantee issues, recourse and nonrecourse debt, and the at-risk basis rules.
• Death or retirement of a member or partner -- Understanding the alternatives.
• Step-up in basis issues -- How to make the computations and elections.
• Property transactions between the LLC/LLP and its members or partners -- Inbound and outbound transactions.
• Compensation planning -- Use of guaranteed payments, distributive shares and Keogh plans.
• Sales of an LLC interest -- holding period, and hot asset issues.

For complete information about this course, including pricing, please call (610) 688-4477 ext. 22 or email SmithC@cpenow.com.

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Surgent McCoy CPE, LLC
237 Lancaster Ave
Devon, PA 19333
(610) 688-4477
(610) 688-3977 (FAX)
info@cpenow.com