Mobile Edition

Incorporating a Business (4172996B)

Date:Monday, December 18, 2017
Time:3:30 PM - 7:00 PM
(Registration at 3:00 PM)
Facility:Webcast or Webinar, Online
CPE Credit:4.0 Technical Business
Instructor: John G. McWilliams
Vendor:California CPA Education Foundation
Course Level:Overview
Early Bird Price:$120.00 FICPA Members, $180.00 Non-Members


The tax consequences related to the transfer of property to a corporation for corporate stock can be eligible for a favorable tax deferred result. Learn when and how the favorable result is accomplished. Topics considered include asset transfer for stock, the formation of a new corporation starting a new business, the incorporation of an existing business, incorporation of partnerships or LLCs, statutory entity conversions and “checking the box” for existing partnerships converting to a corporation.

  • Recognize tax consequences of receiving something other than stock ("boot").
  • Identify and illustrate complications related to liability assumptions.
  • Recall anti-abuse rules related to transferring assets with built in losses.
  • Determine how to apply IRC 351 to transactions converting partnerships and LLCs to corporations.
  • Identify special complications related to incorporating an existing business.
  • Recognize the complications related to transfers involving both property and performance of services.

Major Topics:
  • IRC 351: qualification for tax deferred result and application of to transactions converting partnerships and LLCs to corporations.
  • Incorporating existing businesses.
  • Transfer involving both property and the performance of services.
  • Transfers with both corporate debt and stock received for property.
  • Complication when corporation has multiple classes of stock.

Who Should Attend:

CPAs and attorneys with at least two years of experience advising owners of privately held businesses; financial management and owners of privately held corporate businesses; IRS and FTB employees.

Basic understanding of federal income tax law applicable to corporations.

Advanced Preparation:


If listed below, select the appropriate sessions or options to continue with your purchase.

Registration Status: CLOSED - Online registration for this course is now closed. Please contact the Member Service Center at (800) 342-3197 if you wish to inquire about registering.