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


Conducted on Wednesday, February 26, 2014

Recorded event now available

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Program Materials

This CLE webinar 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.

Description

Determining whether to form as an LLC, partnership, C-Corp or S-Corp is a critical decision for new companies. When deciding which entity is most appropriate, business counsel must determine the company's desired governance structure, the extent of personal liability protection the owners desire, and the tax implications of each choice.

Choosing the right business entity at the outset can help businesses avoid time-consuming and costly changes in the future. When ownership changes, new tax or business laws, or economic forces push existing businesses to convert from one entity type to another, the legal and tax implications of the conversion must also be weighed.

Listen as our authoritative panel discusses the pros and cons of LLCs, partnerships, C-Corps and S-Corps, and factors to consider when determining which entity is most appropriate for specific situations. The panel will also explain key tax considerations in entity selection and best practices when converting from one entity to another.

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Outline

  1. Evaluating the options
    1. LLC pros and cons
    2. S-Corp pros and cons
    3. C-Corp pros and cons
    4. Partnership pros and cons
  2. Tax implications of entity selected
  3. 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
Aman Badyal

Shareholder
Badyal Law

Mr. Badyal counsels his clients through numerous forms of transactions and legal decisions including choice of...  |  Read More

Kevin R. Learned
Kevin R. Learned

Partner
McMahon Welch and Learned

Mr. Learned’s practice focuses on general corporate and securities matters, including company formation and...  |  Read More

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Strafford will process CLE credit for one person on each recording. All formats include program handouts. To find out which recorded format will provide the best CLE option, select your state:

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