Entity Selection Case Studies
2 CPE for AFSP, EA, CFP®, CPA, CRTP
Choosing the correct business entity is important, especially for tax purposes. This session explores the tax differences between partnerships, S corporations and C corporations. We’ll consider key tax issues, such as self-employment tax, payments to owners and allocating income/losses. Through different case studies, we’ll analyze a particular situation and select the most suitable entity for the taxpayer.
Objectives
Upon completion of this session, you will be able to:
-
Describe different types of entities
-
Summarize the tax classification options for a limited liability company (LLC)
-
List the tax attributes for each type of entity
-
Compare and contrast different types of entities
-
Analyze the taxpayer’s goals and choose an entity
CPE information
Duration: 100 minutes
Course level: Basic
Prerequisite: None
Advanced preparation: None
Delivery method: Group Live
