Tax rates are an important factor in choosing the form of business organization, and the changes made by the new law demand a reconsideration of current businesses and a different analysis for new ventures. 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.

Major Topics:

  •  How tax reform, proposed and enacted, 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 Objectives:

  •  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

Designed For: CPAs who are considering starting a new business or who advise clients on the form of business organization that is best in light of recent tax law changes
Level of Knowledge: Intermediate
Prerequisite: A basic course in partnerships/LLCs and in S corporations
Advanced Preparation: None
Credits: 4