Choice and Formation of Entity
Help clients navigate entity issues. Learn the best techniques to select various entity forms to solve your clients’ tax and business problems.
NASBA Field of Study
J. William Harden
Help clients navigate entity issues.
Learn the best techniques to select various entity forms to solve your clients' tax and business problems.
Understand the optimal form of entity.
Know the choices
Understand key issues surrounding the factors that drive the optimal form of organization for a business.
Understand why the choice of entity is relevant throughout the life of a business - from a new business choosing the correct form of entity to accomplish the company's goals to knowing when an entity change is needed.
Understand the tax consequences of the sale or liquidation of the various forms of doing business. Learn about the ever-increasing tax advantages and disadvantages of general and limited partnerships, C and S corporations, LLCs, LLPs, and individual proprietorships - all updated for tax reform.
Using case studies from real-life client situations, gain an understanding of the issues.
- Types of entities
- Formation and elections
- Start-up and organization costs
- Advantages and disadvantages comparison
- Understand the types of business entities and the tax advantages and disadvantages of each.
- Identify circumstances that warrant converting from an S to C corporation and gain a basic understanding of how to make the conversion.
- Interpret tax issues related to the formation of a corporation.
- Evaluate other considerations regarding different entities and the impact on the business owner.
Who Will Benefit
- CPA firm seniors (and above) and other tax professionals looking for the best techniques to select various entity forms to solve their clients' tax and business problems.
Group ordering for your team
The Association is dedicated to removing barriers to the accountancy profession and ensuring that all accountancy professionals and other members of the public with an interest in the profession or joining the profession, including those with disabilities, have access to the profession and the Association's website, educational materials, products, and services.The Association is committed to making professional learning accessible to all product users. This commitment is maintained in accordance with applicable law. For additional information, please refer to the Association's Website Accessibility Policy. As part of this commitment, this product is closed-captioned. For additional accommodation requests please contact firstname.lastname@example.org and indicate the product that you are interested in (title, etc.) and the requested accommodation(s): Audio/Visual/Other. A member of our team will be in contact with you promptly to make sure we meet your needs appropriately.