2024 How to Choose the Right Business Entity for Your Client

Friday, May 24, 2024
Webcast or Webinar, Online
11:00AM - 12:46PM (opens at 10:30AM) EST
2Credits
Technical Business

Registration is Open

Members
$79.00 Regular Price
Non-Members
$109.00 Regular Price

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$40.00 Members / $56.00 Non-Members
Course Type: Webcast
Course Code: 24/AC149626
Level: Intermediate
Vendor: ACPEN
Field of Study: Taxes

Overview:

Tax rates, personal liability, operations – these are all factors to be weighed when advising clients about their choice of entity decision.  This session provides a comparison of the multiple entity choices to start the discussion with clients and selecting the best tax efficient option for them.

**Please Note:  If you need credit reported to the IRS for this IRS approved program, please download the IRS CE request form on the Course Materials Tab and submit to kori.herrera@acpen.com.

Objectives:

  • Identify recent tax development impacting partnerships, LLCs, S Corporations, C corporations and sole proprietors
  • Identify the tax benefits and consequences of multiple business entities

Major Topics:

  • Recent tax legislation and developments related to choice of entity -- such as sole proprietorship, single member LLCs, partnership/LLCs, S corporations, and C corporations
  • Impact of the Section 199A deduction
  • Ramifications of the C to S election and the S to C election
  • Corporate tax rate to individual tax rate comparison examples

Major Topics:

  • Recent tax legislation and developments related to choice of entity -- such as sole proprietorship, single member LLCs, partnership/LLCs, S corporations, and C corporations
  • Impact of the Section 199A deduction
  • Ramifications of the C to S election and the S to C election
  • Corporate tax rate to individual tax rate comparison examples

Designed For:

CPAs in public practice and industry seeking an update on the latest tax developments impacting choice of entity

Prerequisites:

Basic working knowledge of business taxation