Self-Study

Surgent's LLC Operating Agreements Workshop (LLCW)

In this course we will cover in depth the many complex considerations involved in utilizing and strategically structuring the partnership and operating agreements for Subchapter K entities to meet the business goals of the entity while minimizing the tax burden for the entity and its members. You will come away with a comprehensive understanding of the key issues to consider, the tax consequences of various drafting and structuring choices, tax audit considerations, and planning strategies.

Objectives

  • Understand the tax considerations involved in utilizing and structuring partnership and operating agreements
  • Be able to analyze structuring options and identify pros and cons relative to entity goals and entity/member tax impacts

Highlights

  • Capital contributions
  • Capital accounts
  • Profits and loss allocations
  • Distributions
  • Transactions between partners and partnerships
  • Liquidation
  • Tax audits

Additional Information

Designed For

CPAs who advise LLCs and partnerships on issues related to entity selection, formation, and tax strategy

Vendor

Surgent

Advanced Preparation

None

Prerequisite

Some experience with, and a working knowledge of, Subchapter K taxation

Field of Study

Taxes

Course Number

1825116

Level of Knowledge

Intermediate

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