Covers entity selection risks and how the goals of the closely held business owner are achieved.
Learning Objectives
Compare the two types of closely held businesses.;Determine the tax consequences of the transfer of assets to a partnership entity in exchange for an ownership interest.;Identify the simplest type of closely held business to form.;Differentiate the advantages of a sole proprietorship and those of an S corporation.;Select business entities that may be used to form a private family foundation.
Major Topics
Closely-Held Business Basics;The Impact on the Business Owner;Integrating the business with the owner's personal financial plan
