Course Description: This course discusses many of the situations involving tax rules applicable to limited liability companies and how to apply your knowledge to real world examples. This course covers the “Check-the-Box” regulations, partnership classification of LLCs and other possible classifications, conversions from existing C and S corporations, personal service corporations and partnerships. 

Course Level: Intermediate

Course Prerequisites: None

Delivery Method: Self-study

At the end of this course, you will be able to: 

• Understand how LLCs are formed; Know the 4-step process for determining how to select which check-the-box entity may be affirmatively elected; 
• Have an understanding of why to affirmatively elect a tax status; 
• Understand the concept of the disregarded entity; 
• Know when it benefits a business entity to convert to LLC status; and 
• Understand the processes by which different entities may convert.

CPE

2

CLE

N/A