Western PA: Business Entities

Registration: 2:30 p.m., CPE: 3 - 5 p.m., Dinner: 5 - 6 p.m., CPE: 6 - 8 p.m.

This presentation will explore the tax aspects of the most popular form of taxable entities (Partnership, C-Corporation, S Corporation, and Sole Proprietorship.

The areas that will be addressed include

• What entity should produce the greatest among of The Qualified Business Income Deduction?  Which entities qualify, the clarification of what businesses are considered to be a  Specified Service business, etc.
• A discussion of what start-up expenses are and how to handle them for tax purposes.
• What is the requirement to pay a reasonable salary to an S corporation shareholder.
• Explore the benefits of employing a child
• Benefits (and complexity) of a partnership
• When,  why, and how would you form an LLC?
• The S-Corporation.
  • How to correctly compute basis
  • Should you have an Accountable Plan?
  • Can you hire your child?