Advanced Tax Structures: Using Tiered Partnerships & Other Entit [ADTS Anc]

Full Description

ADVANCED TAX STRUCTURES: USING TIERED PARTNERSHIPS, MULTIPLE CORPORATIONS, SERIES LLCS, AND DISREGARDED ENTITIES

Date: November 7, 2013

Facility: AKCPA Office
341 West Tudor Rd. #105
Anchorage, Alaska 99503

Business entities serve non-tax objectives as well as tax objectives, and many clients need multiple entities to realize both in an efficient way. In this litigious climate, business owners need to consider methods of reducing their exposure to legal liability. Further, states are much more aggressive in pursuing nexus tax liability. Exploring when to run a business as a single entity or when to step up to multiple entities is a growing area of business and tax planning, and not just for large and public companies.

Major Topics:
Understanding the limits of legal liability and the management rights and duties in various entities
How multiple business entities provide legal liability segregation
How the Delaware Series LLC can segregate risks while providing pass-through taxation
Series LLC regulations - what we now know and what we still don't
Identification of different types of structures such as subsidiaries, brother/sister companies, tax disregarded entities, and joint ventures
Maximizing the benefits and minimizing the problems with using Qualified Subchapter S Subsidiaries and Single Member Limited Liability Companies
Using multiple business entities to diversify business ownership as incentives for management teams
State tax law and nexus issues
How holding companies can serve business goals
Using different methods of accounting for different related entities
Related issues, including using common paymasters, related party issues, and much more!
Learning Objectives:
Identify circumstances where multiple business entity structures could be appropriate
Discuss the pros and cons of various business structures
Understand the related tax issues
Designed For: CPAs in public practice and industry who want to learn more about structuring businesses in effective and efficient ways
Level of Knowledge: Advanced
Prerequisite: A strong knowledge of general tax law related to business entities
Advanced Preparation: None
CPE Credits: 8

Acronym: ADTS

Discussion Leader: Peter Towle

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