Choice of and Formation of Entity

Authored by Charles Borek, CPA, JD, MBA
About this Course
Learning Objectives
  • Identify which entity forms do and do not provide a business owner with protection from personal liability for business debts
  • Determine the gain or loss recognized when property encumbered by debt is transferred to a partnership in exchange for partnership interests
  • Identify the requirements for a Code Section 351 tax-free contribution of property to a corporation in exchange for stock
  • Identify substantial economic effect with respect to partnership allocations
  • Identify the three methods of making Section 704(c) allocations specified in the regulations
  • Determine whether, under a given set of circumstances, a partnership may disregard the allocation rules of Section 704(c)
  • Identify the structure and consequences of using stock appreciation rights
  • Distinguish the effects of a distribution of appreciated property in the context of a C Corporation, an S Corporation, and a partnership
  • Choose the correct order of accounting for distributions from S Corporations having earnings and profits
  • Distinguish between the methods of effectuating corporate divisions by means of split-ups, slit-offs, and spin-offs
  • Indicate the tax consequences of an S corporation liquidation
Key Topics
  • Tax consequences of formation under various entity types
  • Transfers to a corporation
  • Transfers to a partnership
  • Series LLCs
  • S Elections
  • Allocations in Flow-through Entities
  • Distributions by Corporations, Partnerships, and S corporations
  • Sales and Reorganizations
Who will it benefit?
CPA firm seniors (and above) and other tax professionals looking for the best techniques to select various entity forms to solve their clients? tax and business problems
$ 249.00
AICPA Member Price: $ 199.00
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NASBA Field of Study
CPE Credits
Delivery Method
QAS Self-Study
Advance Preparation
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