Choice of Entity – Corporation/Partnership/LLC/Disregarded Entity – What Factors Should I Consider in Selection

This lecture provides a summary perspective on the various legal forms of business enterprises and their relative advantages and disadvantages. These forms primarily include a sole proprietorship, general partnership, limited partnership, C corporation, S corporation, limited liability company and trust. A comparison of the attributes of the various entities necessitates an examination of both (1) the legal and business structure, and (2) particularly for purposes of this lecture, the federal income tax rules applicable throughout the entire lifecycles of these entities. Further, this lecture includes a comparison of the income tax rules applicable to entities (1) when being organized, (2) when operating and receiving profits or incurring losses, (3) when making distributions of profits in cash, property or entity ownership units, (4) when terminating an ownership interest, (5) when being terminated, and (6) when engaging in a tax-free restructuring. Various additional issues relevant to entity choice, including estate planning considerations, are also examined.

Date: Wednesday, April 2, 2014

Audigy Group
11201 NE 9th Street
Vancouver, Washington 98684

Time: 10:00 am–12:00 pm

  • Tax professionals who work with audiologists or other medical professionals
  • Origins of current rules (check-the-box regulations)
  • Available entities
    • Sole proprietorship
    • C corporation
    • Partnership
    • S corporation
    • Limited liability company
  • Tax benefits and burdens – Comparing the various entities
  • Self-employment tax considerations
  • 16 non-tax key factors in selecting correct entity

Choice of Entity – for lecture

Choice of Entity Chart

Jonathan Mishkin

Jonathan D. Mishkin focuses his practice on tax/trust controversy, estate planning, taxation and closely-held business advisory services with offices in Portland, Bend and West Linn. Drawing on deep experience gained inside both large accounting firms and large law firms, Mr. Mishkin capably advises and counsels individuals, families and their businesses, and trusts/trustees.