On-Demand: Navigating Entity Selection for Small Business Owners: How to Answer the Not-So-Quick Entity Question - Sponsored by AICTP
Course Description
In this course, you will learn how to help small business owners make the best entity selection for their business and personal financial goals. Choosing the right entity can make a significant difference in terms of tax savings, liability protections, and overall profitability.
The course will begin by addressing common misconceptions and mistakes that small business owners make when selecting their entity. You will learn why seeking advice from a tax team is crucial in addition to consulting an attorney.
Next, you will explore the various entities available and their respective tax implications, including partnerships, LLCs, S corporations, and C corporations. You will learn how to weigh the benefits and drawbacks of each entity type and how to select the most appropriate entity for a given business venture.
To help small business owners make informed decisions, you will also learn how to guide them through the process of creating a solid business plan before selecting an entity. This will ensure that their entity choice aligns with their overall business goals and maximizes their tax savings.
By the end of the course, you will be able to confidently advise small business owners on entity selection, enabling them to make informed decisions that will benefit their financial futures. Whether you are a tax professional, an attorney, or a small business owner yourself, this course will provide you with valuable insights into entity selection for optimal tax savings.
Learning Objectives
- Identify common misconceptions and mistakes that small business owners make when selecting their entity, and explain why seeking advice from a tax team is crucial in addition to consulting an attorney.
- Describe the various entities available and their respective tax implications, including partnerships, LLCs, S corporations, and C corporations, and weigh the benefits and drawbacks of each entity type.
- Guide small business owners through the process of creating a solid business plan before selecting an entity, to ensure that their entity choice aligns with their overall business goals and maximizes their tax savings.
- Provide informed advice to small business owners on entity selection, enabling them to make informed decisions that will benefit their financial futures.
Presenters
Dominique Molina, CPA
Dominique Molina, a CPA since 2000, has devoted her career to enhancing the expertise of accounting professionals while helping small businesses minimize their tax burden. She emphasizes proactive tax planning strategies, enabling small companies to leverage tax laws in the same way large corporations do. Molina founded the American Institute for Certified Tax Planners (AICTP) in 2009 to share her approach with other accounting professionals. The non-profit organization trains and certifies tax experts in proactive tax planning, with over 1,200 Certified Tax Coaches, Planners, and Strategists across the nation serving over 360,000 entrepreneurial businesses.
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Dominique Molina, a CPA since 2000, has devoted her career to enhancing the expertise of accounting professionals while helping small businesses minimize their tax burden. She emphasizes proactive tax planning strategies, enabling small companies to leverage tax laws in the same way large corporations do. Molina founded the American Institute for Certified Tax Planners (AICTP) in 2009 to share her approach with other accounting professionals. The non-profit organization trains and certifies tax experts in proactive tax planning, with over 1,200 Certified Tax Coaches, Planners, and Strategists across the nation serving over 360,000 entrepreneurial businesses.
Read More
Continuing Education
This course qualifies for IRS Continuing Education Hours. NAEA reports IRS CE on a monthly basis. If you have not received your CE Hours in your IRS PTIN Account by the end of the month after receiving the certificate, please contact NAEA at
education@naea.org. IRS Requirements for live webinars require at least 50 minute per hour attendance and answering 3 out of the 4 polling questions. For on-demand, you must watch the full video, answer the knowledge check, and pass the assessment with a score of 70% or above. No partial CE is offered.
Webinar Refund Policy
To request a refund, contact the NAEA education team via email at
education@naea.org. An NAEA education team member will review the request for a refund. If the refund request has been approved, the refund will be refunded on the same method of purchase. Live Webinars, also offered On-Demand will not be refunded.