Instructor
David Peters
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Instructor
David R. Peters, CPA, CFP, CLU, CPCU, MST, MBA
Founder & Owner, Peters Professional Education
David Peters is the Founder and Owner of Peters Professional Education in Richmond, VA, and is registered with the U.S. Securities and Exchange Commission (SEC) as an Investment Advisor Representative (IAR) with Peters Financial LLC. He has over fifteen years of experience in financial services, including 3 years in the hedge fund industry and six years in the insurance industry.
David was the first-ever Chief Financial Officer at Compare.com - a position he held for over three years. He is a national CPE Instructor/Discussion Leader for Surgent, Kaplan, the AICPA and Don Farmer Tax Courses. He regularly teaches courses in accounting, finance, insurance, financial planning, and ethics throughout the United States.
He holds four master’s degrees and contributes regularly to various CPA publications, including NCACPA’s Interim Report, SCACPA’s CPA Report, and VSCPA’s Disclosures. He was also a co-author of the Virginia CPA Ethics course in 2018, 2019 and 2020 – a required course for all CPAs licensed in the Commonwealth of Virginia.
Education
Certifications
Activities & Associations
When selling an ownership interest in a passthrough entity, it may be difficult to know what exactly is being sold. Is the owner selling their share of the assets of the pass-through entity? Or are they selling just the ownership interest? Also, when does the concept of look-through provisions come into play? Is there any advantage to structuring a sale as a liquidation rather than selling the interest itself? In this course, we will focus on these questions and many more, so that you can well prepared next time a client is looking to sell their business!
- State the tax implications of a sale of a sole proprietorship.
- Identify look-through provisions applicable to selling a partnership interest and S-Corp shares.
- Recognize when the closing of the books election for an S-Corporation may be available and helpful to the client.
- General concepts when selling a business
- Selling a sole proprietorship
- Selling a partnership interest
- Look through provisions
- Selling S-Corporation Shares
- Redemptions
None
Fundamental understanding of passthrough entity taxation and capital gains and losses
Tax practitioners and financial advisors with small business clients.
