Fundamentals of Entity Selection

CPAs, EAs, CRTPs

Choosing the right business structure is a critical decision that impacts tax obligations, liability protection, and long-term business goals. This course equips tax professionals with the knowledge to compare S corporations, C corporations, LLCs, LLPs, and sole proprietorships, highlighting key factors that influence entity selection. Real-world scenarios illustrate how proper guidance can prevent costly mistakes and add significant value for clients.

• Recognize how to make an informed decision when recommending and setting up a tax entity
• Determine when an entity change is warranted for specific tax advantages
• Determine the most appropriate business and tax strategies for a particular entity
• Identify methods for advising clients on estate planning concerns