Multiplying Your Tax & Business Benefits Using Multiple Entities [MMBE Anc]

Full Description

Multiplying Your Tax and Business Benefits Using Multiple Business Entities

August 12, 2010
Anchorage, Alaska

$295 AKCPA Member Fee
$370 Non Member Fee

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.

Major Topics:
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 in using Qualified Subchapter S Subsidiaries vs. Single Member Limited Liability Companies
Legal liability protection benefits in using multiple business entities
State tax law and nexus issues
Using multiple business entities to diversify business ownership as incentives for management teams
Holding companies: when to use them
Using different methods of accounting for different related entities
Related issues, including using common paymasters, related party issues, and much more!

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

Who Will Benefit: CPA in public practice and industry who want to learn more about structuring businesses in effective and efficient ways

Level: Advanced

CPE Credit Hours: 8

Prerequisite: A strong knowledge of general tax law related to business entities

Acronym: MMBE

Discussion Leader: Pamela J. Davis-Vaughn, CPA
Pamela J. Davis is a general practitioner providing accounting and tax services to her clients in Corning, New York. She has designed and taught undergraduate and graduate courses in state and local tax at Texas universities, including Baylor and Texas Tech, and has been a highly rated speaker at the Controller's Roundtable, a sponsored event for controllers of automobile dealerships in Texas.

Pam has over 25 years of experience in both public and private accounting sectors. Her public experience ranges from a Big Four firm where she assisted several Fortune 500 companies in restructuring their operations to provide state income and franchise tax savings, participated on the mergers and acquisitions team, and served as the Southwest Area Employment Tax practice leader to providing tax consulting services for closely held businesses of a 16-partner, 100-staff Dallas CPA firm. Her experience in the private sector as CFO of a Dallas based manufacturer servicing the telecom industry and Tax and Accounting Manager of a large independent oil and gas company provides her with significant insight into the challenges faced by those practicing in industry.

Pam holds a BS degree in Business and Accounting from the University of Kansas, an MBA from Wichita State University, and has completed post-graduate work in International Tax at New York University.