Content Provider
Hobanlaw logo

Tsheets middle
Self-Study CPE
OFFER IN COMPROMISE BASICS AND TECHNIQUES
View Details/Register
IRS SECTION 1031 - UNDERSTANDING LIKE KIND EXCHANGES
View Details/Register
ANNUAL TAX SEASON UPDATE - 2017
View Details/Register
NEW FLSA REGULATIONS: 3 THINGS YOU CAN DO TO AVOID A WAGE AND HOURS LAWSUIT
View Details/Register
1099s: 2016 CRITICAL CHANGES TO DEADLINES AND PENALTIES
View Details/Register
AVOID TAX PRACTICE MISTAKES - APPEALS, TECHNICAL ASSISTANCE, P & I - PART II
View Details/Register
HOW THE IRS DETERMINES UNREPORTED INCOME
View Details/Register
CHURCHES AND MINISTRIES: UNDERSTANDING TAX ISSUES & IRS ENFORCEMENT GUIDELINES
View Details/Register
§1031 EXCHANGE SOLUTIONS & INVESTING IN PRIVATE PLACEMENTS
View Details/Register
FEDERAL TAX UPDATE: TOP DEVELOPMENTS OF 2015-2016
View Details/Register
Hobanfeola cannabis

CANNABIS: ORGANIZATIONAL FORMS FOR GROWERS AND DISPENSARIES

Cost Free   CPE Credits 1.0 hour   Subject AreaTaxes  Course LevelBasic  Instructional MethodGroup Internet Based  PrerequisitesNone  Advanced PreparationNone  Who should attend? CPA - small firm
CPA - medium firm
Other 
Course Description

With the number of states that have recently approved initiatives for legalized recreational use of marijuana, and the laws passed in other states permitting the medical/medicinal use of marijuana, producers and retailers of marijuana are quickly growing. Accounting professionals and CPAs serving marijuana businesses are tasked with navigating the often ambiguous and sometimes contrarian state and federal legal information that affect this, albeit growing, niche.

In light of the ease of forming a corporation or limited liability company (“LLC”) in Colorado, most cannabis entrepreneurs elect to conduct their business via a corporation or LLC. Another option is to form a partnership. In practice relatively few cannabis businesses or organized as partnerships due to the potential for enhanced liability of a general partner.

Additional considerations for clients, who are encouraged to work closely with attorneys and accountants when incorporating, include the importance of following corporate formalities, organizational document drafting (and potential pitfalls), raising capital, avoidance of undisclosed ownership interests, consequences of violations, IRS Code Section 280E and income tax deductions, etc.

Testimonials

"Excellent, mature discussion of the topic"

"Mind blowing - excellent presentation. I've been approached by a client who is considering this business as an option. There are considerations which he/we need to discuss after viewing this presentation."

"Robert Hoban is an excellent presenter. An industry expert with excellent presentation skills."

"The webinar was advisory and informative with a neutral and unbiased tone."

"Robert Hoban is certainly an expert in this evolving industry."

"Very lively presentation on an interesting and forward looking topic!"

Hobanlaw logo Linkedin

Garrett Graff is an Associate at Hoban Law Group, where he practices corporate and transactional law, real estate law, regulatory/compliance law and civil and commercial litigation. Though born and raised in Lakewood, Colorado, Garrett graduated from the Thomas R. Kline School of Law at Drexel University in Philadelphia, Pennsylvania, earning his J.D. cum laude in May 2014, and graduating from the law school’s Business and Entrepreneurial Law concentration with honors. Garrett received a B.S. in Business Administration, as well as an International Business certificate, from the University of Colorado-Boulder’s Leeds School of Business in May 2011.

Prior to graduating law school, Garrett gained valuable experience as a law clerk with Hoban Law Group, and practicing insurance defense in Philadelphia and as a judicial law clerk for the Honorable David L. Shakes in the Fourth Judicial District in Colorado Springs, Colorado. Garrett also has extensive experience in real estate and property issues, given several years working with a real estate brokerage and property management firm. During law school, Garrett served as an Associate Editor of the Drexel Law Review, was selected to compete with Drexel’s Transactional Lawyering Team in a national transactional lawyering and negotiation competition in February 2013, and served in leadership capacities in multiple student organizations.

Handout Materials
Presentation Slides
Frequently Asked Questions
  • To receive CPE credit for the event, you must register for the webcast prior to the start of each program.
  • CPE is available to all eligible participants within 24 hours of each webinar.
  • Multiple attendees: In order to receive CPE for multiple attendees, ensure that at least one person signs up for the webinar. At the completion of the webinar a proctor form is provided. Alternatively, you may also login to your account following the webinar and click on the MY ACCOUNT button where you will find a link to the proctor letter.

Nasba

NASBA Approved

CPAwebengage, Inc. (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.

CPAwebengage Inc. 1857. W 34th Ave, Denver, CO 80211