Choosing the Right Business Entity & Getting Cash Out of It
This course describes and compares sole proprietorships, partnerships, limited liability companies, ā€œCā€ corporations and ā€œSā€ corporations. It examines their advantages and disadvantages, permitting the participant to properly select the right business entity for their tax and liability needs.

Course Publication Date: February 07, 2018

This course is available with NO ADDITIONAL FEE if you have an active self study membership or can be purchased for $30.00!

Author:Danny Santucci
Course No:TAX-COE-5118-M
Recommended CPE:3.00
Delivery Method:QAS Self Study
Level of Knowledge:Overview
Prerequisites:General understanding of federal income taxation
Advanced Preparation:None
Recommended Field of Study:Taxes
  
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Learning Objectives
  • 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 distributions.

CPE Depot Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

Sponsor Number: 109423

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