Surgent's Key Considerations in Getting the Entity Selection Right (Self-Study)

Code: JSDLCBE4

Date Valid for one year from purchase date
Format Self-Study (Downloadable PDF)
CPE credits CPE 4.0
Specialty
credits
4.0 IRS CE approved
Field(s)
of study
Taxes - Technical (4.0)
Fees
Standard member fee $65.00
checkmarkStandard nonmember fee $65.00

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Description

While only one of many factors, tax rates are a very important factor in choosing the form of business organization. This unique course compares and contrasts the tax aspects of C corporations, S corporations, partnerships, sole proprietorships, and limited liability companies. This in-depth course will cover planning opportunities.

Who should take this program?

CPAs who are considering starting a new business or who advise clients on the form of business organization that is best

Major subjects

  • How tax reform affects choice of entity
  • 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
  • Practical guidelines on what entity structure to use under various circumstances
  • Impact of the manufacturers' deduction on choice of entity

Learning objective(s)

  • Identify the various business organizations available and their nontax criteria
  • Distinguish the tax characteristics of a sole proprietorship, LLC/partnership, S Corporation, and C corporation
  • Understand the formation and exit strategy tax issues
  • Through a case study, sharpen advocacy skills, particularly before the IRS Appeals Office, if a choice-of-entity issue arises

Notes:

Course code Code JSDLCBE4
Sponsor Surgent
NASBA ID#: 103212
Level Intermediate
Format Self-Study (Downloadable PDF)
Prerequisites Prereq. A basic course in partnerships/LLCs and in S Corporations
Advance
prep
None