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Comparing and Contrasting Business Entities (CCBE)

Customer Rating
Field of Study
Taxes
Level
Intermediate
Credits
4
Qualifies For
IRS CPE



Price:  $39.99
While only one of many factors, tax rates are a very important factor in choosing the form of business organization. This unique course compares and contrasts the tax aspects of C corporations, S corporations, partnerships, sole proprietorships, and limited liability companies. This in-depth course will cover planning opportunities.

Additional information

Credits

4

Format

Self-Study Download

Company Code

Self Study

Yellow Book Approved

0

CFP Approved

0

IRS Approved

1

CTEC Approved

0

Field of Study Credits

Taxes (Technical) (4)

Field of Study Department

Taxes (Technical)

Course Version

2018-01

CPE Approved

1

Pre-requistes:

A basic course in partnerships/LLCs and in S corporations

Knowledge Level:

Intermediate

Major Topics:


  • Tax considerations in the organization of an enterprise and the pitfalls to avoid  
  • Impact of the manufacturers’ deduction on choice of entity
  • How tax reform, proposed and enacted, affects choice of entity
  • Practical guidelines on what entity structure to use under various circumstances
  • Comparing and contrasting the tax aspects of partnerships with sole proprietorships, S corporations with partnerships, C corporations with S corporations, and partnerships with C corporations, and limited liability companies with all other entities 
  • Non-tax considerations

Learning Objectives:


  • Understand the formation and exit strategy tax issues
  • Identify the various business organizations available and their nontax criteria
  • Through a case study, sharpen advocacy skills, particularly before the IRS Appeals Office, if a choice-of-entity issue arises
  • Distinguish the tax characteristics of a sole proprietorship, LLC/partnership, S corporation, and C corporation

Designed For:

CPAs who are considering starting a new business or who advise clients on the form of business organization that is best
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