Business Entity Selection: Benefits and Pitfalls
Legal and Practical Considerations for Evaluating and Structuring LLCs, Partnerships, C-Corporations or S-Corporations
Recording of a 90-minute CLE webinar with Q&A
This CLE course will guide business counsel in evaluating and selecting the best entity structure for new companies. The panel will examine the extent to which LLCs, partnerships, C-Corps and S-Corps provide liability protection for business owners, the tax implications of each entity, and best practices for advising businesses on whether to convert from one entity to another.
Outline
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Evaluating the options
- LLC pros and cons
- S-Corp pros and cons
- C-Corp pros and cons
- Partnership pros and cons
- Tax implications of entity selected
- Converting from one entity to another
Benefits
The panel will review these and other key questions:
- What are the pros and cons of setting up a business as an LLC, partnership, C-Corp or S-Corp?
- What are the tax implications for each entity option?
- What are the benefits and disadvantages to existing businesses of converting from one entity to another?
Following the speaker presentations, you'll have an opportunity to get answers to your specific questions during the interactive Q&A.
Faculty
Aman Badyal
Shareholder
Badyal Law
Mr. Badyal counsels his clients through numerous forms of transactions and legal decisions including choice of entity,... | Read More
Mr. Badyal counsels his clients through numerous forms of transactions and legal decisions including choice of entity, entity formation, private placements, executive compensation, section 1031 exchanges, the formation or restructuring of complex joint ventures, and corporate mergers and other reorganizations. His practice includes both domestic and cross-border transactions. He also has extensive experience representing clients in tax audits and other controversies and has been an adjunct professor at the Thomas Jefferson School of Law.
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Kevin R. Learned
Partner
McMahon Welch and Learned
Mr. Learned’s practice focuses on advising clients on general corporate and securities matters, including company... | Read More
Mr. Learned’s practice focuses on advising clients on general corporate and securities matters, including company formation and governance, buy-sell agreements, operating and stockholder agreements, M&As, private offerings of debt and equity securities, corporate divorces and other reorganizations, JVs, small business certifications, executive employment and equity matters, deferred compensation plans, franchise agreements, trademarks, and other commercial contracts and agreements. Mr. Learned has extensive experience working with emerging growth companies, particularly IT and other professional service providers in both the commercial and federal spaces. Mr. Learned has been an adjunct professor at the George Mason University School of Law and is a frequent lecturer on topics related to corporate and transactional matters.
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