This course will arm the participant with clarity about alternatives regarding choice
of entity. Recent changes to tax law have businesses making decisions about the
most advantageous choice of entity and reviewing their decisions. Participants will
be empowered to have more focused discussions with their clients and to offer
recommendations to those clients who own businesses or are planning to do so.
Learning Objectives
- Identify the types of business entities and the tax advantages and
disadvantages of each.
- Identify circumstances that warrant converting from S to C
Corporation and gain a basic understanding of how to make the
conversion.
- Analyze tax issues related to the formation of a corporation.
- Recognize other considerations regarding different entities and the
impact on the business owner.
Major Topics
- Types of entities
- Formation and elections
- Start-up and organization costs
- Advantages and disadvantages comparison