Self-Study

Surgent's Limited Liability Companies: Losses, Liquidations, Terminations, Continuations and Sales

---

Unlock more for less. This course is included in Surgent's Unlimited Plus CPE Subscription -- just $625 (plus tax) gets you unlimited access to all Surgent webinars and self-study courses, including this one. Maximize your ROI and learning potential -- order now!

The purpose of this course is to provide an in-depth discussion of selected advanced-level issues affecting LLCs and LLPs.

Major subjects

• When are distributions taxable?
• Miscellaneous issues, including the critical difference between Section 736(a) and Section 736(b) payments.
• Sales of an LLC interest -- holding period and hot asset issues.

Learning objectives

• Identify when distributions are taxable, including disguised sales and the tax on pre-contribution gain.
• Discuss the tax consequences of a liquidation of a partner's interest.
• Describe the options when a partnership terminates or continues following an acquisition or merger.
• Explain the tax consequences of a sale of an interest and distinguish such consequences from the tax consequences when a partnership or LLC is acquired or merges into another LLC or partnership.

Who should take this program?

• Accounting and financial professionals with clients using the LLC or LLP structure who need to understand advanced issues, problems, and planning strategies.

Pricing

Our records indicate you are a nonmember. If you register, you will be charged $79.00 (Standard Nonmember Fee). Members: Please log in to receive member fee.

---

Related programs

July 15, 2026 | Surgent's Partnership and LLC Core Tax Issues From Formation Through Liquidation | Webinar

July 17, 2026 | Partnership/LLC Taxation: Tax Basis Capital Accounts | Webinar

July 20, 2026 | Partnership/LLC Taxation: Understanding Tax Basis Capital Accounts | Webinar

July 21, 2026 | Surgent's Section 754 Step-Up in Basis: Understanding the Tax Issues for Partnerships and LLCs | Webinar

July 23, 2026 | Partnership/LLC Taxation: Tax Basis Capital Accounts | Webinar

---

Related products

Surgent's Advanced Critical Tax Issues for Limited Liability Companies and Partnerships | Self-Study (Downloadable PDF)

Surgent's Advanced Critical Tax Issues for Limited Liability Companies and Partnerships | Self-Study (On-Demand)

Surgent's Advanced Partnership/LLC Workshop: How to do Optional Step-Up in Basis Under Section 754 and Related Provisions | Self-Study (Downloadable PDF)

Surgent's Guide to Partner Capital Account Reporting | Self-Study (On-Demand)

Surgent's Partnership and LLC Core Tax Issues From Formation Through Liquidation | Self-Study (Downloadable PDF)

---