Choosing the Right Business Entity: Tax Practitioner's Guide 2000
by William Bischoff
Choosing the Right Business Entity helps you advise your clients on the advantages and disadvantages--tax and otherwise--of the major forms of business organization available today. It provides extensive Examples to clarify specific situations and Observations to spotlight critical details. Text and practice aids alike contribute to thorough and consistent advice for clients. This Guide--and especially its accompanying software--will dramatically improve the quality of your service to clients and the investment of your time in routine aspects of the engagement.
Choosing the Right Business Entity was created to help you serve your clients faster and better than ever before as they consider selecting the optimal legal form of organization for business start-ups and business reorganizations. The Guide covers sole proprietorships, LLCs, LLPs, "traditional" limited and general partnerships, family limited partnerships (FLPs), and C and S corporations.
While recent events have clearly added complexity to the choice-of-entity decision process, they also have created greater opportunities for business owners and investors to meet both their tax-planning and their financial objectives.
Choosing the Right Business Entity helps you advise our clients on the advantages and disadvantages--tax and otherwise--of the major forms of business organization available today. It provides extensive Examples to clarify specific situations and Observations to spotlight critical details. Text and practice aids alike contribute to thorough and consistent advice for clients. This Guide--and especially its accompanying software--will dramatically improve the quality of your service to clients and the investment of your time in routine aspects of the engagement.
DO NOT Advise on Business Entity decisions without the Latest Information
Your business clients have two options: Save thousands in taxes each year by choosing the right form of business organization, or pay thousands in unnecessary taxes each year by choosing the wrong form of business organization.
Which option is your client choosing?
There's so much at stake. Your professional reputation is on the line. It's a good thing you have 2000 Choosing the Right Business Entity. Our powerful new guide has been completely updated to include the very latest on: Single-member and multi-member Limited Liability Companies in all 50 states; "Check-the-Box" entity classification regulations; Family Limited Partnerships; Limited Liability Partnerships; two major tax breaks for Qualified Small Business Corporations; how to use "disregarded entities" to defect IRS arguments that state start-up an business-expansion costs must be permanently capitalized; how to deliver tax-advantaged fringe benefits to business owners; an more!
FREE Entity Calculating Software!
Cut your research time in half using the guide's powerful Entity Wizard software, built to guide you through complex entity decisions. Simply answer "Yes" or "No" to branching questions and you'll end up with the most logical, lucrative option possible. Entity Wizard then drafts a report base on your interview--at the level of documentation you choose. You'll even get an update collection of practice aids, client letters, and other innovative practice management tools as well as a spreadsheet that allows you to compare and calculate basic entity choices.
In almost all cases involving significant business or investment activities, the owners will have a very strong interest in structuring deals so as to limit their personal exposure to liabilities related to the activity. Most owners understand that their investment in the activity will always be "at risk," but they cannot accept having their other personal assets put at risk because of their involvement. Given today's litigious environment, limiting owner liability should be the most critical issue in selecting the appropriate entity to use in conducting business or investment activities. That is the focus of this chapter.
