Course description
LLC Taxation Basics
What You Need to Consider Before Doing Business
Failing to carefully plan for tax consequences can lead to serious financial repercussions for any business. From tax classifications to capital gains planning, this course provides key tax planning insights for professionals who advise LLCs and their owners. This course is designed to introduce non-tax attorneys to fundamental tax issues and tax planning strategies, and provide a current refresher for tax professionals. Register today! Weigh LLC tax classification options and learn how to pick the right one for the business. Overcome tax issues presented by contributions, distributions and capitalization. Get strategies for capital gains tax planning. Understand how self-employment tax works and when it applies. Learn how to make the most out of qualified business income deductions. Get a recap on LLC filing requirements.
Training content
- LLC Tax Classification Comparison: C Corp, S Corp, Partnership, Sole Proprietorship
- Tax Election Eligibility Requirements
- Contributions, Distributions, and Capitalization Issues
- Capital Gains Planning
- Self-Employment Taxes Explained
- Expenses, Deductions, and Business Losses
- Making the Most Out of Qualified Business Income Deductions
- Real Life Examples: Which Tax Classification Makes Sense for the LLC?
- Filing Requirements
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About NBI
National Business Institute
At NBI, we believe that enhancing professional knowledge through continuing education empowers our customers to better serve their community. With over 35 years of experience, we understand the needs of legal professionals seeking continuing education and we are dedicated to...
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National Business Institute
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