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Give Your Clients the Advice They Need

Starting a business can be a complicated transaction. Many factors can affect how the entity should be structured - including tax issues, sources of start-up capital, and how the company will be managed. Choosing the right entity at the outset can help to avoid time-consuming and costly changes in the future. Are you prepared to handle these intricacies and more? At this detailed seminar, gain the knowledge you need to make informed decisions for your clients. Advise wisely - enroll today!

  • Compare various business entities to determine which one is best for your client.
  • Evaluate financing concerns, including how debt will be structured and the impact that can be left on your client.
  • Smooth the process of incorporation and formation of subsidiary corporations.
  • Understand the tax consequences for corporations, pass-through entities and tax-exempt organizations.
  • 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.

  1. FUNDAMENTALS OF ENTITY SELECTION
    9:00 - 10:00, David H. Humber
    1. Relevant Statutes and Case Law
    2. Comparison of Entity Options: Advantages, Disadvantages and Consequences
      1. Limited Liability Companies
      2. Limited Liability Partnerships
      3. Limited Partnerships
      4. C Corporations
      5. S Corporations
      6. Other Entities
    3. Advantageous Uses
    4. Entity Selection for Professional Organization Use
  2. S AND C CORPORATION BASICS
    10:00 - 10:45, Hardwick C. Walthall
    1. Why Incorporate?
    2. Determining Where to Incorporate
    3. Eligibility of Shareholders
    4. Working Out Operational Issues
    5. Subsidiary Corporations
  3. KEY ISSUES IMPACTING ENTITY SELECTION
    11:00 - 12:00, Hardwick C. Walthall and David H. Humber
    1. Capitalization and Debt
    2. Compensation and Employment Taxes
    3. Liability and Operational Implications
    4. What Does Management Style Have to Do With It?
    5. Handling Dissolution, Conversions, Mergers and Buyouts
    6. Operational Issues Your Client Needs to Plan For
  4. UNDERSTANDING GENERAL PARTNERSHIPS AND JOINT VENTURES
    1:00 - 1:45, J. Winston Busby and R. Michael Murphy
    1. What are General Partnerships and Joint Ventures?
    2. When is a Partnership or Joint Venture Appropriate?
    3. Partnership Agreement Provisions
    4. Resolving Organizational Issues
    5. Rights and Duties Among Partners
    6. Managing Liability of Partners
  5. BUILDING AN ETHICAL FOUNDATION
    1:45 - 2:45, J. Winston Busby and R. Michael Murphy
    1. The Role of the Attorney as Advisor in Entity Formation
    2. Conflicts of Interest: Who is the Client?
    3. The Importance of Confidentiality
    4. Adequacy of Fees and Charges
    5. Civil Liability
  6. TAX ASPECTS TO CONSIDER IN ENTITY SELECTION AND FORMATION
    3:00 - 3:45, Vincent J. Schilleci III
    1. Knowledgeably Advise Your Client on Taxation Options
    2. Comparison of Tax Advantages, Disadvantages and Consequence Amongst Entities
    3. How Taxes are Handled for Single-Member LLCs
    4. Dealing With Tax-Exempt Organizations
    5. “Check the Box” Income Tax Regulations
    6. Local and State Tax Considerations
  7. DRAFTING ENTITY FORMATION DOCUMENTS
    3:45 - 4:30, Vincent J. Schilleci III
    1. Identifying Required Documents
    2. Drafting Essentials
    3. Sample Formation Documents and Forms
Register Now
Helping Your Clients Select the Best Entity Option
  • Course ID:
    268692
  • Duration:
    1 day
  • Price:
    $359
  • Date:
    Thursday 12/14/2017
  • Time:
    9:00 am to 4:30 pm
  • Location:
    Holiday Inn Philadelphia Stadium - Philadelphia, PA
    900 Packer Avenue
    Philadelphia, PA 19148