2024 How to Choose the Right Business Entity for Your Client

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 kori.herrera@acpen.com.

Prerequisites

Basic working knowledge of business taxation

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

Highlights

• 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