Limited Liability Companies: Losses, Liquidations, Terminations, Continuations, and Sales
Online
4.00 Credits
Member Price $160.00
Price will increase by $20 after 6/10
Non-Member Price $225.00
Price will increase by $20 after 6/10
Overview
The purpose of this course is to provide an in-depth discussion of selected advanced-level issues affecting LLCs and LLPs.
Objectives
- Identify when distributions are taxable, including disguised sales and the tax on pre-contribution gain
- Discuss the tax consequences of a liquidation of a partner's interest
- Describe the options when a partnership terminates or continues following an acquisition or merger
- Explain the tax consequences of a sale of an interest and distinguish such consequences from the tax consequences when a partnership or LLC is acquired or merges into another LLC or partnership
Highlights
- When are distributions taxable?
- Miscellaneous issues, including the critical difference between §736(a) and §736(b) payments
- Sales of an LLC interest -- holding period and hot asset issues
Designed For
Accounting and Financial Professionals with clients using the LLC or LLP structure who need to understand advanced issues, problems, and planning strategies
Prerequisites
A beginning course in LLCs/partnerships; experience with LLC/partnership clients
Preparation
None
Notice
To access this program, log into your CTCPA account at https://www.ctcpas.org/my-cpe/upcoming and click on the orange "Launch Event" button.
Leader(s):
Leader Bios
Don Cochran, Surgent McCoy CPE, LLC
Don Paul Cochran, JD, CPA, CFP®, Don Cochran is a solo practitioner in Apple Valley, Minnesota. His 34 years of practice has been focused primarily in the areas of small business legal and tax consulting, and individual tax, estate, and financial planning. Don has practiced law in both Iowa and Minnesota. As a co-owner of Nichols Patrick CPE Inc. Don is much sought after as a presenter of CPE for seminars sponsored by state societies of CPAs, CPA firms, and associations of CPAs. He participates in Bisk Education’s nationally syndicated “CPE Network” video tax updates, updates Bisk manuals and is a featured speaker at several national tax conferences. In addition to being an attorney and Certified Public Accountant, he maintains his designations as a Certified Financial Planner®. He is a member of the Minnesota and Iowa State Bar Associations, and the Minnesota Society of CPAs.
Non-Member Price $225.00
Member Price $160.00