Webcast
Basic
CPE Credits
2 Credits: Taxes
Course Description
Choice of business entity is a core determination for the formation of a business – and a decision with profound implications. The entity may be as simple as a sole proprietorship or as complicated as a large corporation. Each of the business entity options has advantages and disadvantages, including liability, federal and state taxes, required formalities, flexibility, cost of forming and operating the business, and more. The Qualified Business Income deduction of IRC Section 199A has placed even more importance on this choice. The proper choice is critical to the success and sustainability of the business and your clients will look to you as their trusted adviser to lay out the pros and cons of each entity.
Learning Objectives
Upon completing this course, participants will understand:
- Types of entities to be considered
- Ownership issues
- Liability issues
- Management and control issues
- Issues of simplicity, formality and cost
- Formation of the entity
- Operation of the entity – tax considerations
- Disposition of the business interest
- Changing from one business entity to another
Course Specifics
|
Course ID WC18206939 |
Revision Date May 29, 2020 |
Prerequisites None |
Advanced Preparation None |
Compliance information
NASBA Provider Number: 103220
IRS Provider Number: 0MYXB
IRS Course Number: 0MYXB-T-02089-22-O
IRS Federal Tax Law Credits: 2
IRS Provider Number: 0MYXB
IRS Course Number: 0MYXB-T-02089-22-O
IRS Federal Tax Law Credits: 2
CTEC Provider Number: 2071
CTEC Course Number: 2071-CE-1456
CTEC Federal Tax Law Credits: 2
CTEC Course Number: 2071-CE-1456
CTEC Federal Tax Law Credits: 2
CFP Notice: Not all courses that qualify for CFP® credit are registered by Western CPE. If a course does not have a CFP registeration number in the compliance section, the continuing education will need to be individually reported with the CFP Board. For more information on the reporting process, required documentation, processing fee, etc., contact the CFP Board.
Course Instructor
Steven G. Siegel, JD, LLM, is president of The Siegel Group, which provides consulting services to attorneys, accountants, business owners, family offices, and financial planners. Based in Morristown, New Jersey, the Group provides services throughout the United States. Steven is the author of many books, including: The Grantor Trust Answer Book (2018 CCH); The Adviser’s Guide to Financial and Estate Planning(AICPA 2019); Federal Fiduciary Income Taxation (Foxmoor 2019); and Federal Estate and Gift Tax (Foxmoor 2016). He is also a co-author with Richard Oshins, Esq. of The Anatomy of the Perfect Modern Trust, Estate Planning Magazine January and February 2016. In conjunction with numerous tax-planning lectures he has delivered …
Critical Decisions In The Choice Of Business Entity: Help Your Clients Make The Right Decisions
CPE CREDITS
2 Credits: Taxes
$98.00
Webcasts are available for viewing Monday - Saturday, 8am - 8pm ET and Sunday 12pm - 4pm ET.
Webcast
Basic
CPE Credits
2 Credits: Taxes
Course Description
Choice of business entity is a core determination for the formation of a business – and a decision with profound implications. The entity may be as simple as a sole proprietorship or as complicated as a large corporation. Each of the business entity options has advantages and disadvantages, including liability, federal and state taxes, required formalities, flexibility, cost of forming and operating the business, and more. The Qualified Business Income deduction of IRC Section 199A has placed even more importance on this choice. The proper choice is critical to the success and sustainability of the business and your clients will look to you as their trusted adviser to lay out the pros and cons of each entity.
Learning Objectives
Upon completing this course, participants will understand:
- Types of entities to be considered
- Ownership issues
- Liability issues
- Management and control issues
- Issues of simplicity, formality and cost
- Formation of the entity
- Operation of the entity – tax considerations
- Disposition of the business interest
- Changing from one business entity to another
Course Specifics
|
Course ID WC18206939 |
Revision Date May 29, 2020 |
Prerequisites None |
Advanced Preparation None |
Compliance information
NASBA Provider Number: 103220
IRS Provider Number: 0MYXB
IRS Course Number: 0MYXB-T-02089-22-O
IRS Federal Tax Law Credits: 2
IRS Provider Number: 0MYXB
IRS Course Number: 0MYXB-T-02089-22-O
IRS Federal Tax Law Credits: 2
CTEC Provider Number: 2071
CTEC Course Number: 2071-CE-1456
CTEC Federal Tax Law Credits: 2
CTEC Course Number: 2071-CE-1456
CTEC Federal Tax Law Credits: 2
CFP Notice: Not all courses that qualify for CFP® credit are registered by Western CPE. If a course does not have a CFP registeration number in the compliance section, the continuing education will need to be individually reported with the CFP Board. For more information on the reporting process, required documentation, processing fee, etc., contact the CFP Board.
Course Instructor
Steven G. Siegel, JD, LLM, is president of The Siegel Group, which provides consulting services to attorneys, accountants, business owners, family offices, and financial planners. Based in Morristown, New Jersey, the Group provides services throughout the United States. Steven is the author of many books, including: The Grantor Trust Answer Book (2018 CCH); The Adviser’s Guide to Financial and Estate Planning(AICPA 2019); Federal Fiduciary Income Taxation (Foxmoor 2019); and Federal Estate and Gift Tax (Foxmoor 2016). He is also a co-author with Richard Oshins, Esq. of The Anatomy of the Perfect Modern Trust, Estate Planning Magazine January and February 2016. In conjunction with numerous tax-planning lectures he has delivered …
Critical Decisions In The Choice Of Business Entity: Help Your Clients Make The Right Decisions
CPE CREDITS
2 Credits: Taxes
Webcasts are available for viewing Monday - Saturday, 8am - 8pm ET and Sunday 12pm - 4pm ET.
$98.00