Take an in-depth look at the rules, requirements, issues, and opportunities in selecting the best entity type in which to operate a business.
Choosing the right business entity is extremely important for the successful operation of any business. The proper business entity can affect a broad range of issues from tax advantages, management structure, equity arrangements, long-term financing, asset protection, and succession ownership. As a business grows, it may generate a need for properly restructuring the business entity for tax, operational, and risk management reasons. This topic will discuss choosing the best business entity, different business entities available to you, reasons to restructure your business entity, how to restructure your business entity and considerations in restructuring your business entity. This information is critical for any professional advising clients on the right business entity for their business.
Learning Objectives
- You will be able to identify and analyze income tax implications during the formation of a business entity.
- You will be able to identify strategies for safeguarding assets within different entity structures.
- You will be able to analyze the impact of restructuring on overall business performance.
- You will be able to understand the process of dissolving a business entity and forming new entities.
Agenda
Speakers
Jack S. Johal,
The Law Offices of Jack S. Johal- Principal of The Law Offices of Jack S. Johal
- Focuses on the areas of business tax, real estate, estate planning, probate, and trust administration
- Handles the organization, taxation, and documentation of the formation, restructuring, and dissolution of corporations, partnerships, and limited liability companies
- Has restructured hundreds of business entities, including advising clients concerning the tax consequences, including without limitation, income tax, estate and gift tax, and property tax consequences
- Member of the State and Local Tax Committee; chairperson, Legislative Committee, State and Local Tax Committee, vice chair and chair, State Bar Partnership Committee; chairperson, Property Tax Subcommittee, State and Local Tax Committee; American Bar Association Committee on trusts and probate; Sacramento County Bar Association probate and real property sections; and Monterey County Bar Association
- Received the Five Star Wealth Manager award, 2010-2013, and has achieved the highest rating in the Martindale-Hubbell Law Directory
- Worked on the development of California’s Limited Liability Company Act, the Uniform Partnership Act of 1994, and the California Uniform Limited Partnership Act of 2008
- Co-wrote the lead article on limited liability companies in the October and December 1994 issues of the California Business Law Reporter
- Co-wrote the tax chapter of the continuing education of the bar’s publication entitled Forming and Operating California Limited Liability Companies
- LL.M. degree in taxation, New York University School of Law; J.D. degree, Duquesne University School of Law; B.A. degree, Occidental College
Who Should Attend
This live webinar is designed for accountants, presidents, vice presidents, controllers, business owners and managers, finance executives, brokers, tax managers, enrolled agents, financial planners and attorneys.
