Limited Liability Companies: Traps and Opportunities (Third Edition)

Authored by CCH Editorial Staff
About this Course
This CPE course, developed by the CCH Editorial Staff, examines the current opportunities associated with operating a business as a limited liability company (LLC). The limited liability company (“LLC”) enjoys significant popularity among the business community, especially closely held companies and family-owned businesses. An estimated 2 million LLCs operate throughout the United States today. Regarded as a hybrid entity, the LLC appeals to many businesses because it combines the positive corporate characteristic of limited liability, which is afforded to all LLC members, with the passthrough tax treatment of partnerships. In addition to numerous tax benefits, LLCs offer owners substantial management and operational Upon completing this course, you should be able to: Utilize the tax and nontax advantages of operating a business as an LLC; Compare the key tax and nontax differences and similarities among LLCs and other business forms; and Recognize the current drawbacks and pitfalls associated with LLCs, including self-employment tax issues, conversion issues, and disregarded entity issues.
$ 45.00
Course is unavailable for purchase.
NASBA Field of Study
Taxes
Level
Overview
CPE Credits
2.0
Prerequisites
None
Last Updated
09/26/2015
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