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Friday, December 13, 2019 Live Replay

Hot Topics: Forming a New Business Entity - Factors to Consider in Addition to Section 199A (Replay) (E1912964)

7:00 PM - 8:00 PM EST

Registration: 6:45 AM EST

Webcast


1.5 CPE Credits in TX

OVERVIEW

Section 199A has created additional planning opportunities (and headaches) as to whether clients should be doing business as either an S corporation or as an LLC. Choosing either LLC or S Corp status will also impact the employment and Medicare taxes which need to be taken into account.

However, there are a multitude of business and tax distinctions which result from doing business as either an LLC or as an S corporation which should not be overlooked. Often times, these other factors will prove more important than maximizing the Section 199A deduction.

HIGHLIGHTS

Key discussion topics:
  1. What tax advantages does the LLC offer when you are trying to attract equity investors to invest your company?
  2. What are the different tax consequences to take into consideration for LLCs and S Corporations where the entity incurs debt?
  3. Why is the LLC a preferable alternative if you want to offer employees an opportunity to become equity owners, especially if the employees don’t have proceeds to purchase ownership in the business?
  4. How does an S Corporation provide greater income tax protection to the equity owners than an LLC when the Company experiences financial difficulties.
  5. Owners of businesses located in NJ may be able to avoid state income tax if they are able to convince the prospective buyer to purchase the entity rather than do an asset sale. The LLC provides greater opportunity to entice a buyer to acquire the entity rather than do an asset purchase.

COURSE LEVEL

Basic

INSTRUCTOR

Kenneth Cohen

Kenneth R. Cohen, Esq.

Member

Davidson, Sochor, Ragsdale & Cohen LLC

Kenneth R. Cohen is a member of the law firm of Davidson, Sochor, Ragsdale & Cohen, LLC. His practice includes business law, estate planning and administration, asset protection and resolving federal and state tax controversies and tax collection matters.

Mr. Cohen also practices in federal and state courts where he has successfully litigated sales tax, income tax and estate tax matters. Mr. Cohen has been appointed by the Court on numerous occasions to serve as legal representative in guardianship matters. He is a member of the New Jersey Bar, the Federal Bar and is authorized to practice before the United States Tax Court. He is listed in “Who’s Who of American Attorneys” and is recognized as a “Best Tax Lawyer” by US News and World Report.

Mr. Cohen also serves as an adjunct professor in the Fairleigh Dickinson University Graduate School tax program.

Clients appreciate Mr. Cohen’s practical experience and sound business and tax advice. He is a deal-maker who finds practical ways to structure transactions, from sophisticated leases to mergers and acquisitions, licensing agreements, and employment compensation arrangements. Clients know that their legal matters will be handled with a high level of care and expertise, with a view to minimize potential tax liability.

Mr. Cohen has been active in the Tax Section of the New Jersey State Bar Society. He served as Chairman of the Estate Tax Section and also as Chairman of the Income Tax Section. He was a member of the Special Task Force on Partnership Taxation to ensure that the New Jersey partnership statute was in compliance with Internal Revenue Regulations.

Mr. Cohen has lectured extensively to accountants and to attorneys regarding business and income tax issues. He serves as chairman of the seminar sponsored by the NJ Institute of Continuing Legal Education on Asset Protection. Mr. Cohen has taught Estate Taxation for the Morris Community Adult School. He served as a panelist for numerous tax seminars sponsored by the Institute of Continuing Legal Education, the National Business Institute and the New Jersey Society of Certified Public Accountants.

Mr. Cohen graduated from Rutgers College with a bachelor’s degree in economics. He received his law degree from Rutgers Law School and has a masters degree in taxation from New York University Law School.

PRICING

$39.00 - Member

$59.00 - Nonmember

$0.00 - Pass Holder

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