LLCs are the only business entity that allows complete pass-through tax advantages and the operational flexibility of a partnership. This seminar addresses the inner workings of Limited Liability Companies within the partnership taxation rules. We will also tackle issues of corporation-style limited liability under state law and how to engage all members in management decisions. LLC's are fast becoming the entity of choice for start-up companies -- arm yourself with this crucial information for the 21st century.

The outline for the course is as follows:

• Limited Liability Companies (LLCs) as a New Business Alternative
  
• Limited Liability Under LLCs
  
• Formation Requirements of LLCs
  
• Transfer of LLC Interests
  
• Foreign LLCs
  
• Other Partnership Forms
  
• Contributions to Capital and Admission of Members
  
• Basis after Contribution to Capital
  
• Partnership Tax Year
  
• Partnership Income, Losses, Deductions, Credits, Etc.
  
• Self-Employment Tax Rules Applied to LLC Members
  
• Loss Limitations
  
• Special Tax Reporting of Partners
  
• Partner-Partnership Transactions Under Section 707
  
• Distributions by Partnership
  
• 751 Distributions - Hot Assets
  
• Optional Basis Under Section 754
  
• Dissolution of the LLC
  
  
  

To schedule your group's private tax seminar, give us a call at 850-894-2244 or email us at jrhasselback@gmail.com.