Surgent's The Complete Guide to Liquidation of Business Entities

Overview

Liquidations may be used as an alternative to the sale of a business or as an adjunct to the sale of business assets. The objective of this course is to fully explore the technical tax and business issues in liquidating C corporations, S corporations, partnerships, and limited liability companies. This unique course is essential for anyone planning to sell a business.

Highlights

• Impact of recent legislation
• The unique planning opportunities and tax traps involved in the liquidation of a business entity
• Understanding installment sales and the big hurdles to favorable tax treatment in liquidation
• Filing Form 966: it’s more important than you think
• An analysis of when liquidation is advisable – now or later?
• Strategies to pursue in light of the tax rates on dividends and capital gains
• The special problems of liquidating Subchapter S corporations
• Key planning issues and benefits in liquidating partnerships and limited liability companies
• An expansion of the "carried interest" provisions of Rev. Proc. 93-27

Prerequisites

A basic course in partnerships/LLCs, S corporations, and C corporations

Designed For

Accounting and Financial Professionals in public accounting and industry involved in business entity liquidations

Objectives

• Describe the tax consequences to a corporation and its shareholders on a complete liquidation and the alternatives to a liquidation
• Understand the particular issues in the liquidation of an S corporation
• Consider the options available on the complete liquidation of a partnership or LLC

Preparation

None