Helping Your Client Select the Best Entity Option Training Class

Course ID: 9442

Helping Your Client Select the Best Entity Option Training Seminar

Give Your Clients the Advice They Need

When people start a business, there are many factors that affect how the entity should be structured - including tax issues, sources of start-up capital, and how the company will be managed. It's important to choose the right entity at the outset, to avoid time-consuming and costly changes in the future. Legal and tax professionals must understand the pros and cons of various entity forms in order to give their clients the right advice.

At this detailed seminar, you'll gain the knowledge you need to help clients make informed decisions about business entities. Review the relevant statutes and case law in order to compare different business forms and tax aspects of each type of entity. Walk through the entity formation drafting process to eliminate missing crucial documents. This decision is important for your clients - get the information you need to advise them wisely.

Compare various business entities to determine which one is best for your client.
Evaluate financing concerns, including how debt will be structured.
Smooth the process of incorporation and formation of subsidiary corporations.
Understand the tax consequences for corporations, pass-through entities and other taxable entities.
Review sample formation documents and forms that you can use in your practice.
Know how the "check the box" income tax regulations come into play when forming an entity.
Recognize the importance of ethical considerations, such as confidentiality and knowing who your client is.


	Agenda
	FUNDAMENTALS OF ENTITY SELECTION Margaret D. Farrell, 8:30 - 9:15 Overview of Entity Choices: Advantages, Disadvantages and Consequences C Corporations S Corporations Limited Liability Companies Limited Partnerships Limited Liability Partnerships General Partnerships and Joint Ventures Other Business Structures and Entities Entity Selection for Professional Organization Use LIABILITY CONSIDERATIONS IN ENTITY SELECTION Margaret D. Farrell, 9:15 - 10:00 Limited Liability Entities Operational Issues Contract Versus Tort Liability Protections Managing Owner Liability Maintaining Shield of Limited Liability Insurance Protections TAX CONSIDERATIONS RELATED TO ENTITY FORMATION AND OPERATION Arthur J. Leonard, 10:00 - 10:45 Pass-Through and Taxable Entities Treatment of Profits, Losses and Distributions Formation Issues: Capital Contributions Employment Tax Issues State and Local Tax Considerations Treatment of Single Member LLCs ORGANIZATIONAL AND OPERATIONS ISSUES Joseph R. Marion III, 11:00 - 11:30 Ownership Eligibility Requirements Capital Structure Considerations Documentation Requirements Choice of Jurisdiction Subsidiaries FINANCING CONSIDERATIONS Arthur J. Leonard, 11:30 - 12:00 Debt Financing Additional Equity Derivatives and Hybrid Alternatives MANAGEMENT AND COMPENSATION CONSIDERATIONS Arthur J. Leonard, 1:00 - 1:45 Operational and Governance Implications Equity Compensation Alternatives Qualified Benefit Plans Fringe Benefits Routine Business Expenses Rights and Duties Among Owners and Managers EXIT STRATEGIES Margaret D. Farrell, 1:45 - 2:30 Mergers, Equity Exchanges and Asset Sales Equity Buyouts and Restructurings Conversions to Other Organizational Forms Liquidations Public Offerings BUILDING AN ETHICAL FOUNDATION Joseph R. Marion III, 2:30 - 3:20 The Role of the Attorney as Advisor in Entity Formation Conflicts of Interest: Who is the Client? The Importance of Confidentiality Adequacy of Fees and Charges Civil Liability DRAFTING ENTITY FORMATION DOCUMENTS Joseph R. Marion III, 3:35 - 4:40 Identifying Required Documents Drafting Essentials Sample Formation Documents and Forms


	Audience
	This basic-to-intermediate level program will assist attorneys, accountants, enrolled agents and tax professionals in understanding the pros and cons of various entity options so they can confidently advise their clients on which option is right for them.