What are the Principal Non-Tax Differences Between an LLC and a Corporation?
- Organizational Structure
- Governance
- Flexibility in Operation
- Liability Protection for Equity Owners, Managers, Board Members & Officers
- Control of Asset Ownership
- Investor Attraction & Securities Law/Blue Sky Laws
- Operational Issues
- Fiduciary Obligations
- Entrance and Exit Strategies - Planning and Procedures
- What are the Tax Considerations Based on Choice of Entity?
- LLC
- Formation Issues
- Pass Through Treatment of LLCs
- Single Member LLCs
- Tax Basis, Debt and Loss Concepts
- Self Employment Tax Issues
- Conversions and Reorganizations
- Liquidation of the LLC
- Tax Challenges in Converting to an LLC
- Compensation Strategies for Owner/Employees
- S Corporation
- Formation Issues
- Pass Through Treatment of S Corporations
- Qualified Subchapter S Subsidiary
- Tax Basis, Debt and Loss Concepts
- Self Employment Tax Issues
- Conversions and Reorganizations
- Liquidation of the S Corporation
- Compensation Strategies for Owner/Employees
- LLC
- Questions and Answers
