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Entity Choice - Tax Considerations (4173117D)

Date:Monday, January 8, 2018
Time:11:30AM - 7:00 PM
(Registration at 11:00AM)
Facility:Webcast or Webinar, Online
CPE Credit:8.0 Technical Business
Instructor: John G. McWilliams
Vendor:California CPA Education Foundation
Course Level:Intermediate
Early Bird Price:$245.00 FICPA Members, $365.00 Non-Members


Consider the difference in tax consequences based on a decision to be either a partnership, S corporation or C corporation. Review key variables such as tax rates, double tax possibility and special rules that are different for partnerships and corporations. Focus on the taxation of current operations including plans to make corporate profits available to the owners and more unusual transactions such as the sale of the business or "buyout" of the owner. Transfers of property for stock or partnership interests is also considered.

  • Identify and evaluate differences in tax rates applicable to corporations and individuals.
  • Recognize the potential for double tax for a C corporation including tax planning ideas to avoid double taxation.
  • Recall special rules that are different for partnerships compared to corporations.
  • Identify non-tax factors that are different for the various legal entity choices.
  • Determine the importance of the difference in tax result for entity assets transferred to the owners.
  • Compare the tax consequences of selling a business conducted as a partnership, S corporation or C corporation.
  • Analyze the differences between partnerships and corporations when assets are transferred for stock or a partnership interest.
  • Identify differences in tax consequences at the death of an owner.

Major Topics:
  • Taxation of corporations and shareholders—potential double taxation
  • Comparison of individual and corporate tax rates
  • Special rules—differences that matter
  • Non-tax factors
  • Taxation of operations—differences beyond tax rates
  • Tax considerations of making business assets available to owners
  • Taxation of the sale of the assets of a business
  • Taxation of sale of stock or interest in the partnership
  • Transfer of assets for stock or a partnership interest
  • Death of an owner
  • Hybrid structure planning

Who Should Attend:

CPAs and attorneys who have at least two years of experience advising privately owned businesses.

An understanding of the taxation of corporations, S corporations and partnerships.

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.