2024 How to Choose the Right Business Entity for Your Client
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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 [email protected].
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