Choice of Entity ON DEMAND
Available Until
Your Desk
22.0 Credits
Member Price $440.00
Non-Member Price $506.00
Overview
This comprehensive course describes and compares sole proprietorships, partnerships, limited liability companies, C corporations, and S corporations. It examines their advantages and disadvantages, permitting the reader to properly select the right business entity for their tax and liability needs. Major emphasis is given to the maximization of tax benefits in each business format. Fringe benefits, retirement plan alternatives, and nonqualified deferred compensation are discussed in detail.
Highlights
Sole proprietorship. Partnerships. Limited liability companies. Corporations. S corporations. Basic fringe benefits. Retirement plans. Nonqualified plans.
Prerequisites
None.
Designed For
CPAs, financial professionals, enrolled agents, and attorneys.
Objectives
Determine the elements associated with sole proprietorships and specify the tax reporting requirements. State the ordinary and necessary business deduction test under Section 162, identify not-for-profit activities, differentiate income tax rates for sole proprietorships versus other entities, and recall profit reinvestment limitations. Recognize the taxes imposed on self-employed persons and state the possible S corporation solution, identify the quarterly reporting of estimated taxes, determine how sole proprietorship assets are characterized on disposition, and identify income splitting and estate planning devices available for such business owners, and more.
Preparation
None.
Notice
None.
Leader(s):
Leader Bios
Danny Santucci, Western CPE
Danny Santucci, BA, JD, is a prolific author of tax and financial books and articles. His legal career started with the business and litigation firm of Edwards, Edwards, and Ashton. Later he joined the Century City entertainment firm of Bushkin, Gaims, Gaines, and Jonas working for many well-known celebrities. In 1980, Danny established the law firm of Santucci, Potter, and Leanders in Irvine, California. With increasing lecture and writing commitments, Danny went into sole practice in 1995. His practice emphasizes business taxation, real estate law, and estate planning. Speaking to more than 100 groups nationally each year, he is known for spicing up his extensive expertise with an incredible sense of humor.
Non-Member Price $506.00
Member Price $440.00