Choice of Entity for Service Businesses



  • Available Until 6/1/2021
  • Next Class Time 10:00 AM PT
  • Duration 60 min.
  • Format MP3 Download
  • Program Code 0118368
  • MCLE Credits 1 + hours

Course Price: $65.00


Untitled Document

The familiar tradeoffs in choice of entity have been scrambled by the new tax law. Decisions made about choice of entity recently or in the past may no longer be sound, particularly for service-based businesses. The new deduction for pass-through income applies to certain types of businesses and income, but not others. This major change to tax law and many smaller changes require rethinking the tax considerations of choice of entity for service-based businesses where the new law has substantial but uncertain impact. In some instances, this rethinking may cause a business to convert from one type of entity to another. This program will provide you with real-world guide to choice of entity for service businesses with special emphasis on the new tax law.

  • Choice of entity for service-based businesses after the Tax Cuts & Jobs Act of 2017
  • How the new deduction 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
  • Using multiple entities to achieve variable ownership, management and tax goals
  • Converting entities if a prior choice of entity is no longer sound
  • Counseling clients in a renewed era of uncertainty

Speaker: Allen Sparkman is a partner in the Houston and Denver offices of Sparkman Foote, LLP. He has practiced law for over forty years in the areas of estate, tax, business, insurance, asset protection, and charitable giving. He has written and lectured extensively on choice-of-entity, charitable giving and estate planning topics. He is the Colorado reporter for the books "State Limited Partnership Laws" and "State Limited Liability Company Laws," both published by Aspen Law & Business. He has also served as president of the Rocky Mountain Estate Planning Council. Mr. Sparkman received his A.B. with honors from Princeton University and his J.D. with high honors from the University of Texas School of Law.