Description
Covers entity selection risks and how the goals of the closely held business owner are achieved.
Objectives
- Compare the two types of closely held businesses.
- Determine the tax consequences of the transfer of assets to a partnership entity in exchange for an ownership interest.
- Identify the simplest type of closely held business to form.
- Differentiate the advantages of a sole proprietorship and those of an S corporation.
- Select business entities that may be used to form a private family foundation.
Highlights
- Closely-Held Business Basics
- The Impact on the Business Owner
- Integrating the business with the owner's personal financial plan