Tax Concepts for the Closely-Held and Family Owned Business

As a business owner, is the Internal Revenue Code just an 86,000-rule mess? If so, this is the seminar for you. The Internal Revenue Code is very complex, so complex in fact that many professionals spend their entire careers practicing solely in the area of tax. Understanding the tax code is critical to utilizing credits that exist and accelerating deductions in order to plan the best tax strategy possible. In this program, attorney Roman Basi addresses critical tax concepts, including knowing what business entity to choose, the basics of tax in operations, and disposition issues that will empower the business person to make use of the most complicated set of laws in this country—tax law.

Learning Objectives:

1. Identify how to select an entity from an alphabet soup of choices
2. Understand how entity selection affects tax issues
3. Shape and mold entity operation and tax issues to one’s favor
4. Grasp exit strategies, business succession, and tax issues