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Cpe webinars
The A-B-(LL)Cs of Choice-of-Entity Selection

THE A-B-(LL)Cs OF CHOICE-OF-ENTITY SELECTION

Cost $30.00
CPE Credits 1.5 hours
CE Credits 0.0 hours
Course Level Basic
Instructional Method Group Internet Based
Prerequisites None
Advanced Preparation None
Course Description

In this 90-minute session, Paul Hood will do a deep dive into the myriad of tax and non-tax considerations involved in deciding whether a new entity should take a particular form or whether an existing entity should change forms. The Tax Cuts & Jobs Act of 2017 reduced the top corporate rate to 21% and instituted the Section 199A 20% small business deduction, both of which present business owners with an important but difficult choice-of-entity question: “Is it better to be a C Corporation or a pass-through entity?” And what about proposed tax law changes that would roll back or eliminate the 2017 act?

In this presentation, Paul will compare the various types of business forms—sole proprietorship, S corporation, limited liability company (LLC), general partnership, limited partnership, and C corporation—on approximately 65 tax and non-tax factors. The comparison will include the complexity of formation and operation, the importance of professional maintenance, availability of special allocations of items of income, gain, loss, deduction and credit among owners, the contribution of property in exchange for an ownership interest, the contribution of services in exchange for an ownership interest, and the permitted eligible owners of each type of entity.

Questions abound considering the choice-of-entity decision today. What’s new to consider? How could changes to the income tax law impact the choice-of-entity decision? Is there a “Holy Grail” of entity forms? What’s the proper way to approach the choice-of-entity evaluations? Paul will provide a systematic framework to analyze these questions as well as answers to these and many other questions during this webinar. Don’t miss this presentation!

Learning Objectives:


  • Evaluate the various types of business forms on approximately 65 tax and non-tax factors

  • Outline a systematic framework to analyze the choice-of-entity decision

  • Recognize proposed tax law changes that would roll back or eliminate the Tax Cuts & Jobs Act of 2017

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Paul Hood obtained his undergraduate and law degrees from Louisiana State University and an LL.M. in taxation from Georgetown University Law Center. Paul has taught at the University of New Orleans, Northeastern University, The University of Toledo College of Law, and Ohio Northern University Pettit College of Law. Paul has authored or co-authored seven books and over 500 professional articles on estate and tax planning and business valuation. A frequent contributor to Leimberg Information Services since its inception, Paul is a highly sought-after speaker and consultant due to his innate ability to see through complexities and explain difficult and even boring subjects in understandable and entertaining language. He minces no words in doing so. Along the way, Paul’s been a father, husband, lawyer, trustee, director, president, partner, trust protector, director of planned giving, expert witness, agent, professor, judge, juror, and a defendant, and he uses his experience in these myriad roles to guide others.

Frequently Asked Questions
  • To receive CPE credit, you must register for the webinar before it starts.
  • CPE is available to all eligible participants within 24 hours of each webinar.
  • To receive CPE for multiple attendees, at least one person must sign up for the webinar. The post-webinar email contains a link to instructions for the proctor letter. Alternatively, you may log in to your account following the webinar and click on the MY ACCOUNT button to find a link to instructions. For paid courses, payment needs to be made for each attendee before credit will be issued.
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CPAacademy.org (Sponsor Id#: 111889) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

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About Our Presenter

Paul hood logo
As a frequent contributor to Leimberg Information Services since its inception, Paul is a highly sought-after speaker due to his innate ability to see through complexities and explain difficult and even boring subjects in understandable and entertaining language. He minces no words in doing so. Paul has been a featured speaker at many elite institutions including NYU, Georgetown University, Duke University, Notre Dame, LSU, Tulane, Loyola in New Orleans, AICPA, and more than 20 estate planning councils.