Tuesday, January 22, 2019, 2:30-3:30pm
Choosing the right entity for a closely-held business is not about a single point in time but planning for that business over long stretches of time and the likelihood of substantial change.
One of those changes is the change wrought by tax law, specifically the recently enacted tax reform legislation.
The new law substantially alters familiar tax law considerations when choosing the right entity for client goals, particularly when considering a range of pass-through entities.
These and a multitude of other considerations often involve a sophisticated tradeoff of benefits and costs.
This program provides a practical guide to sophisticated choice of entity considerations, including detailed consideration of the new tax law.
Part 2 topics include:
- Impact of new 2018 tax law on C Corps, S Corps, and pass-through entities
- Planning for distributions of property
- Anticipating liquidity events – sale of the company, liquidation of the company, new investors/members
- Employment tax planning disparities among entities
- State and local tax considerations
- Owner and employee fringe benefit considerations
- When the first choice wasn’t correct – considerations when an entity needs to convert
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