Lifecycle Financial Planning - Selling a Passthrough Interest
Available Until
Self-study
1.00 Credits
Member Price $49.00
Non-Member Price $79.00
Overview
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!
Highlights
- General concepts when selling a business
- Selling a sole proprietorship
- Selling a partnership interest
- Look through provisions
- Selling S
- Corporation Shares
- Redemptions
Prerequisites
Fundamental understanding of passthrough entity taxation and capital gains and losses
Designed For
Tax practitioners and financial advisors with small business clients.
Objectives
- 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.
Preparation
None
Notice
This is a self-study/on demand course offered by a 3rd party vendor. Course access information will be emailed directly to you by Peters Professional Education (PPE). The course expires one year from the purchase date.
Leader(s):
Leader Bios
David Peters, Peters Professional Education LLC
DAVID R. PETERS, CPA, CFP, MST, CPCU, CLU
David Peters is the Founder and Owner of Peters Professional Education and Peters Tax Preparation & Consulting, PC. He is also a financial advisor for Peters Financial, LLC. David has over twenty years of experience in financial services, including 3 years in the hedge fund industry and 14 years in the insurance industry. David was the first-ever Chief Financial Officer at Compare.com - a position he held for more than three years.
In addition to running his own professional education website, David is a National Instructor for the AICPA, Surgent, Kaplan, and Don Farmer Tax Seminars. He was a recipient of Surgent's Outstanding Discussion Leader award in 2019 and 2022, as well as the AICPA's Outstanding Facilitator Award in 2021 and 2023. He regularly teaches courses in accounting, finance, insurance, financial planning, and ethics throughout the United States. David holds four masters degrees, and is currently pursuing his PhD in Financial Planning. He contributes regularly to various CPA publications, including NCACPA's Interim Report, SCACPA's CPA Report, and VSCPA's Disclosures. David was also a co-author of the 2018, 2019, and 2020 Virginia CPA Ethics courses - a required course for all CPA's licensed in the Commonwealth of Virginia.
- Website: www.petersprofessionaleducation.com
- YouTube: www.youtube.com/@DavidPetersFinancial
- LinkedIn Company: https://www.linkedin.com/company/95657499/admin/analytics/updates/
- LinkedIn Personal: https://www.linkedin.com/in/david-peters-financial/
- Facebook: https://www.facebook.com/davidpetersfinancial
- Twitter/X: https://x.com/DavidPFinancial
Non-Member Price $79.00
Member Price $49.00