CalCPA Event June 8, 2018: Discussion Topic “Choice of Entity After the Tax Cuts & Jobs Act 2017”

The California Society of Certified Public Accountants (CalCPA) is an excellent professional resource for tax accountants who practice in California. In addition to publishing need-to-know tax news, operating the CalCPA Education Foundation, and working with government agencies to shape financial legislation, CalCPA also hosts an ongoing series of presentations, discussion groups, and conferences. We are pleased to announce the next scheduled discussion group to our readers, upcoming June 8, 2018. The discussion, titled “Choice of Entity After the Tax Cuts & Jobs Act 2017,” will focus on business entity selection from a tax standpoint, in light of the extensive federal reforms enacted last December. Not only is the discussion sure to be informative, but better yet, entitles attendees to two hours of Continuing Professional Education (CPE) credit. Continue reading to learn more about the event (and remember to mark your calendar). If you can’t make it to this particular discussion, be sure to check back with our tax blog for future announcements about other Summer 2018 CalCPA events.

CalCPA Hosting Discussion on Entity Selection for Corporations and LLCs

If you’re free on the afternoon of Friday, June 8, our California tax lawyers urge you to consider attending the CalCPA Hollywood Beverly Hills Discussion Group on “Choice of Entity After the Tax Cuts & Jobs Act 2017.” The event will be hosted at Billingsley’s Restaurant, which is located in the West Los Angeles area at the following address:

11326 West Pico Boulevard
Los Angeles, CA  90064

The discussion is scheduled to begin at 12:00 P.M., so be sure to arrive by 11:45 A.M. to ensure a timely entrance.

The cost of admission for the event has been reduced from the original rate, with discounted admission available for online registrants and current CalCPA members. Of course, anyone interested in the discussion subject is encouraged to attend, including non-members. (As the discussion centers on entity selection, current and aspiring business owners especially stand to benefit.) Registration fees for the event, which cover lunch and parking, are as follows:

  • CalCPA Members
    • Online Registration – $38
    • Door Registration – $43
  • Non-CalCPA Members
    • Online Registration – $48
    • Door Registration – $58

Space is limited, so if you intend to pay at the door, you should confirm your attendance by contacting Tracey Zink, CalCPA Program Associate, Los Angeles Chapter, at (818) 546-3554 as soon as possible. Likewise, you may contact tracey (dot) zink (at) calcpa (dot) org for assistance if you encounter problems when attempting to register online. Note that online registration will close on June 8, the scheduled date for the discussion.

The topic will be presented by Bill Staley, Esq. and Jacob Stein, Esq. The presenters will cover a range of questions facing business owners and entrepreneurs in 2018, with an emphasis on how key aspects of the entity selection process have been impacted by the TCJA from a financial tax planning perspective – for example, how the TCJA affects the ever-present business dilemma of double-taxation for C corporations.

The presentation will be divided into 14 sections:

  1. “The Bottom Line” (introduction to core entity selection considerations, e.g. limiting personal liability)
  2. “Types of Entities”
  3. “Is a Business Entity Needed?”
  4. “Initial Liability Analysis”
  5. “Tax Benefits for Incorporating”
  6. Disadvantages of Using a Corporation
  7. “Eliminate All Federal Tax – or at Least Double Tax – with the Section 1202 Exclusion of Gain from the Sale of Qualified Small Business Stock”
  8. “How Do the New Federal Section 199A Deduction and the New Federal Tax Rate for C Corporations Affect the Choice of Entity?”
  9. “Minimize the Double Tax on Corporate Profits with an S Corporation Election”
  10. “Minimize the Double Tax on Corporate Profits with a Limited Liability Company”
  11. “When an Existing Business Entity Starts a New Business”
  12. “What State’s Law to Use for the New Entity”
  13. “California Professionals” (pertaining to attorneys, accountants, land surveyors, architects, and civil engineers)
  14. “Achieving Limited Liability”

For additional information about the event, follow this link.

CA Business Entity Selection and Formation Attorneys Providing Tax and Financial Planning Services

California offers a wealth of opportunities for entrepreneurs – but it also imposes an elaborate web of tax and financial regulations. These regulations are further impacted by the TCJA and Internal Revenue Code (IRC).

If you’re planning to start a business in California, or are considering making a major business decision for a company you already own and operate, get cutting-edge, precision tax guidance from the experienced business succession planning attorneys, California employment tax lawyers, and business transaction attorneys at the Tax Law Office of David W. Klasing. We provide financial and legal guidance for business sales and purchases, business dissolution, utilization of tax havens for businesses, and more. For a reduced-rate consultation about tax planning for your business, contact the Tax Law Office of David W. Klasing online, or call (800) 861-1295 to book your initial appointment.

Also, we’ve expanded our offices! In addition to our offices in Irvine and Los Angeles, the Tax Law Offices of David W. Klasing now have offices in San BernardinoSanta BarbaraPanorama City, and Oxnard! You can find information on all of our offices here.

Entity Selection Q and A Library:

https://klasing-associates.com/topics/entity-selection/