
This Program examines the partnership form of entity, including its advantages and disadvantages, formation under §721 and funding rules, partnership entity choices, operational considerations involving allocations and distributions, and key distinctions between partnerships, corporations, and S corporations. Participants strengthen their understanding of partnership structures and comparative tax entity considerations.
Learning Objectives:
•Pros & Cons of the Partnership form of Entity
•How to become a partnership - funding, §721, etc.
•Choice of Partnerships - General, Limited, LLC, LLP, etc.
•Partnership Operations - allocations, distributions, etc.
•Partnerships vs. Corporations
•Partnerships vs. S Corporations
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*Self-Study recording available for IRS CE Credit only (NO CPE)
NASBA Field of Study: Taxes
IRS Program #: 7Q3WU-T-00979-26
CTEC Course #: 6248-CE-00335

Larry has been a tax professional since 1986 with a tax planning, preparation, and representation practice in Redwood Shores, CA. Larry enjoys speaking about tax to tax and financial planning professionals. Larry received his BS in Business Administration with emphases in Accounting and Finance from UC Berkeley and MS in Taxation from Golden Gate University.