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Choice of Entity for Service Businesses (Live Replay from June 2, 2020)

Description

Familiar tradeoffs in choice of entity for businesses selling goods are scrambled when it comes to service-based businesses. This is particularly true with regard to tax law and the relatively new deduction for certain types of income in pass-through businesses.

Choice of entity for service businesses also differ in consideration of distributions and employment taxes, incentive compensation and vesting of restricted ownership interests, and the eventual sale, liquidation or accession of new owners.

This program provides a practical guide to choice of entity for service businesses with special emphasis on the new tax law.

  • How the new deductions for pass-through income applies to service businesses
  • What income and types of businesses are covered or not
  • Regulatory, industry, finance and other non-tax considerations for service businesses
  • Using multiple entities to achieve variable ownership, management and tax goals
  • Converting entities if a prior choice of entity is no longer sound

Contributors

  • Paul Kaplun

    Paul Kaplun is a partner in the Washington, D.C. office of Venable, LLP where he has an extensive corporate and business planning practice, and provides advisory services to emerging growth companies and entrepreneurs in a variety of industries. He formerly served as an Adjunct Professor of Law at Georgetown University Law Center, where he taught business planning. Before entering private practice, he was a Certified Public Accountant with a national accounting firm, specializing in corporate and individual income tax planning and compliance. Mr. Kaplun received his B.S.B.A., magna cum laude, from Georgetown University and J.D. from Georgetown University Law Center.

    Click here for more information about Paul. 

April 23, 2021
Fri 1:00 PM EDT

Duration 1H 0M

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