Choosing the Business Entity: Help Clients Make the Right Decisions (Completed)

Date: Tuesday, April 16, 2019
Instructor: Steven G. Siegel
Begin Time:  9:00am Pacific Time
10:00am Mountain Time
11:00am Central Time
12:00pm Eastern Time
CPE Credit:  2 hours for CPAs
2 hours Federal Tax Related for EAs and OTRPs
2 hours Federal Tax Law for CTEC

Assisting your clients, during the formation of their business, as they choose the correct entity form is critical due to the decision’s profound implications — tax and otherwise. Whether the entity is as simple as a sole proprietorship or as complicated as a multi-owner corporation, partnership, or LLC, when clients come to you on this key issue, you need to be prepared to help them make the right decision.

This two-hour CPE webinar presented by noted tax adviser, author, and educator Steven G. Siegel, J.D., LL.M, will explain the rules, requirements, issues, and opportunities in selecting the best entity type in which to operate a business. Since each business entity option has advantages and disadvantages, including liability, federal and state taxes, required formalities, flexibility, cost of forming and operating the business, and more, there is much to take into account when guiding your clients down a path to success and sustainability with their business. Mr. Siegel will provide helpful tips and practical suggestions, so you can advise your clients with confidence on matters regarding choice of entity and the resulting tax and non-tax implications.

All tax professionals, CPAs, tax attorneys, tax return preparers, and other professionals who advise businesses on tax and other financial matters will benefit from this insightful webinar. Time will be provided for you to ask questions directly to Mr. Siegel during the program.

Who Should Attend
ax partners, managers, and staff, CPAs, enrolled agents, tax return preparers, tax attorneys, and other professionals that advise businesses on tax and financial matters

Topics Covered

  • Types of Entities to be Considered
  • Ownership Issues
  • Liability Issues
  • Management and Control Issues
  • Issues of Simplicity, Formality and Cost
  • Formation of the Entity
  • Operation of the Entity - Tax Considerations
  • Disposition of the Business Interest
  • Changing from One Business Entity to Another

Learning Objectives

  • Describe the essential tax and non-tax rules, issues and considerations related to business entity choice
  • Explain the similarities and differences in the business, legal and tax rules related to each of the business entity forms available
  • Identify planning opportunities using business entity choice


Instructional Method
Group: Internet-based

NASBA Field of Study
Taxes (2 hours)

Program Prerequisites

Advance Preparation

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