Choice of Enity Workshop [CEWS FBX]

Full Description

Choice of Entity Workshop

June 18, 2014

Fairbanks, AK

As trusted business advisers, CPAs often are called upon to help clients select the most suitable business entity structure. In this class you'll explore the legal and tax characteristics of the most common structures used by today's business owners: C Corporations, partnerships, LLCs and S Corporations. You'll study the tax differences of each structure, as well as its advantages and disadvantages.
In 2013 the 3.8% and additional 0.9% Medicare taxes went into effect. The top marginal rate is 39.6%, the top capital gains tax rate is 20% and certain deductions/exemptions have been reduced or eliminated. Thus, tax practitioners must consider the impact of these rate changes on their choice of entity decision.
This course offers a comprehensive review of the critical issues to consider and the opportunity to arm yourself with the knowledge to make the most appropriate recommendation to your clients.

Major Topics:
Sole proprietorship
Partnerships/LLCs/LLPs
C and S corporations
Disregarded entities
Asset protection
Formation
Operation
Termination/exit strategy

Learning Objectives:
Understand the significant tax attributes of available entity choices.
Use a checklist approach to facilitate analysis.
Develop techniques to match clients with the most appropriate entity.

Designed For: CPAs & Attorneys

Level of Knowledge: Intermediate

CPE Credits: 8

Prerequisite: None

Acronym: CEWS

Discussion Leader: Norman Solomon, CPA

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