by Fmeaddons

Comparing and Contrasting Business Entities (CCBE)

$65

Earn CPE with Comparing and Contrasting Business Entities, a CPE course that provides 4 credits in the field of taxes for CPAs and tax practitioners.

SKU: CCBE Category:

Description

This 4-credit course helps CPAs and tax practitioners understand the pros and cons of different business entities, considering taxation issues as well as other factors.

Major Topics

  • Tax considerations in the organization of an enterprise and the pitfalls to avoid
  • Impact of the manufacturers’ deduction on choice of entity
  • How tax reform, proposed and enacted, affects choice of entity
  • Practical guidelines on what entity structure to use under various circumstances
  • 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
  • Non-tax considerations

Learning Objectives

  • Understand the formation and exit strategy tax issues
  • Identify the various business organizations available and their nontax criteria
  • Through a case study, sharpen advocacy skills, particularly before the IRS Appeals Office, if a choice-of-entity issue arises
  • Distinguish the tax characteristics of a sole proprietorship, LLC/partnership, S corporation, and C corporationa

Designed For

CPAs who are considering starting a new business or who advise clients on the form of business organization that is best

Prerequisites

A basic course in partnerships/LLCs and in S corporations

Advance Preparation

None

Additional information

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State Board Accreditation

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