CLLC
THE COMPLETE GUIDE TO
PARTNERSHIPS AND LIMITED LIABILITY COMPANIES
The purpose of this course is to understand the tax advantages
of conducting business in an innovative way through an LLC or partnership.
This course discusses the tax issues of an LLC and a partnership from
formation to liquidation. The material is vital for all practitioners
in the business and investment sectors.
Major topics include:
- All the
legal implications of an LLC and the differences in various state law
treatments
- Formation issues,
including the new regulations on disguised sales and contributions of
appreciated property
- Design
features and pitfalls, including special allocation issues, different
classes of ownership interests, articles of organization issues, etc.
- Operating
issues, including cash flow, debt allocation, tax basis, and distribution
issues
- When to
use an LLC or partnership for joint ventures and real estate opportunities
- Sale and
liquidation advantages of LLCs and partnerships
- Late-breaking
tax legislation
Designed
for: All
CPAs who want to learn about the newest and, in many cases, the best way
to conduct business.
Level
of knowledge: Basic
Field
of study: Taxes
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