Choosing the Right Business Entity

Price: $39.00

CPE Credits: 4.0

Category: , ,

Course Number: TXCOEMDS/TXENTIDS

choice of entity

Description:
This mini-course describes and compares sole proprietorships, partnerships, limited liability companies, “C” corporations and “S” corporations. It examines their advantages and disadvantages, permitting the participant to properly select the right business entity for their tax and liability needs. Table of Contents

Delivery Method: Online QAS Self Study.

Level: Overview.

Prerequisites: General understanding of federal income taxation.

Advanced Preparation: None

Author: Danny C. Santucci

Publication: February 2014
Update: September 2018

Format: PDF
Pages: 91

Passing Grade: 70%

Exam Policies: Exam may be retaken. Course must be completed within one year of purchase.

CPE Sponsor Info : NASBA/QAS #109234. Click here to view specific state approvals.

By the end of the course participants should be able to:

  • Cite the central differences among business entities and the advantages and disadvantages associated with basic business entity types.
  • Recognize the tax attributes sole proprietorships, partnerships, LLCs, S corporations and C corporations and how each entity can be used to enhance tax and financial purposes and objectives.
  • Specify the unique (e.g., self-employment) and general taxes applicable to particular entities and the tax forms that may be required.
  • Identify the basic deductions that are permissible for each entity type and the conditions under which they are allowed.
  • Determine the tax years, accounting methods and valuation methods that each entity type may use, and how the entities can be terminated.
  • Specify for different entity types the basis and the tax effect of sales, exchanges, transfers, contributions, and

Description:
This mini-course describes and compares sole proprietorships, partnerships, limited liability companies, “C” corporations and “S” corporations. It examines their advantages and disadvantages, permitting the participant to properly select the right business entity for their tax and liability needs. Table of Contents

Delivery Method: Online QAS Self Study.

Level: Overview.

Prerequisites: General understanding of federal income taxation.

Advanced Preparation: None

Author: Danny C. Santucci

Publication: February 2014
Update: September 2018

Format: PDF
Pages: 91

Passing Grade: 70%

Exam Policies: Exam may be retaken. Course must be completed within one year of purchase.

CPE Sponsor Info : NASBA/QAS #109234. Click here to view specific state approvals.

By the end of the course participants should be able to:

  • Cite the central differences among business entities and the advantages and disadvantages associated with basic business entity types.
  • Recognize the tax attributes sole proprietorships, partnerships, LLCs, S corporations and C corporations and how each entity can be used to enhance tax and financial purposes and objectives.
  • Specify the unique (e.g., self-employment) and general taxes applicable to particular entities and the tax forms that may be required.
  • Identify the basic deductions that are permissible for each entity type and the conditions under which they are allowed.
  • Determine the tax years, accounting methods and valuation methods that each entity type may use, and how the entities can be terminated.
  • Specify for different entity types the basis and the tax effect of sales, exchanges, transfers, contributions, and
  • “It is rare that i can actually say that I enjoyed a CPE course but I found this one informative and very interesting, relying more on the author’s examples and not just quoting tax code!  [Healthcare Reform: The affordable Care Act Tax Provisions]

    - Thomas

  • “I am extremely impressed with the courses and the reasonable price.” -Janet A. May 2017

    - Janet

  • “Excellent Regulatory Review Course. The self-study format (E-Book) provided an excellent overview of the regulatory requirements for California CPAs. I will be using the E-Book as  a reference material. Thank you for providing a very comprehensive yet affordable option for this required CPE.”

    - Constance