Navigating Entity Selection for Small Business Owners: How to Answer the Not-So-Quick Entity Question Sponsored by AICTP

• Speaker: Dominique Molina, CPA MST CTS
• CE: 1 IRS/I CTEC
• Cost: free/ $50

Description:

In this course, you will learn how to help small business owners make the best entity selection for their business and personal financial goals. Choosing the right entity can make a significant difference in terms of tax savings, liability protections, and overall profitability.

The course will begin by addressing common misconceptions and mistakes that small business owners make when selecting their entity. You will learn why seeking advice from a tax team is crucial in addition to consulting an attorney.

Next, you will explore the various entities available and their respective tax implications, including partnerships, LLCs, S corporations, and C corporations. You will learn how to weigh the benefits and drawbacks of each entity type and how to select the most appropriate entity for a given business venture.

To help small business owners make informed decisions, you will also learn how to guide them through the process of creating a solid business plan before selecting an entity. This will ensure that their entity choice aligns with their overall business goals and maximizes their tax savings.

By the end of the course, you will be able to confidently advise small business owners on entity selection, enabling them to make informed decisions that will benefit their financial futures. Whether you are a tax professional, an attorney, or a small business owner yourself, this course will provide you with valuable insights into entity selection for optimal tax savings.

Learning Objectives:

• Identify common misconceptions and mistakes that small business owners make when selecting their entity, and explain why seeking advice from a tax team is crucial in addition to consulting an attorney.
• Describe the various entities available and their respective tax implications, including partnerships, LLCs, S corporations, and C corporations, and weigh the benefits and drawbacks of each entity type.
• Guide small business owners through the process of creating a solid business plan before selecting an entity, to ensure that their entity choice aligns with their overall business goals and maximizes their tax savings.
• Provide informed advice to small business owners on entity selection, enabling them to make informed decisions that will benefit their financial futures.

registration link:   https://www.pathlms.com/naea/courses/52675/webinars/35600