It's a fact – decisions made during the start up of a business are some of the most crucial. Choosing the wrong entity can have far-reaching consequences that can deter the success of a business for years to come. Your clients need solid advice about which entity to choose – and you need to know what factors are important to consider when making the decision. Get the information you need to offer informed advice on the elements that need to be examined in order to make the right choice. Order today!

1. Fundamentals of Entity Selection
2. S and C Corporation Basics
3. Key Issues Impacting Entity Selection
4. Tax Aspects to Consider in Entity Selection and Formation
5. Drafting Entity Formation Documents
6. Building an Ethical Foundation

Continuing Education Credits:   

* denotes specialty credits

1. FUNDAMENTALS OF ENTITY SELECTION
   8:30 - 9:40, Michael A. Monson
1. Relevant Statutes
2. Comparison of Entity Options: Advantages, Disadvantages and Consequences
1. General Partnerships
2. Limited Liability Companies
3. Limited Liability Partnerships
4. Limited Partnerships
5. Corporations
6. Other Entities
3. Advantageous Uses
4. Entity Selection for Professional Organization Use
2. S AND C CORPORATION BASICS
   9:55 - 11:00, Michael A. Monson
1. Why Incorporate?
2. Determining Where to Incorporate
3. Working Out Operational Issues
4. How to Form Subsidiary Corporations
3. KEY ISSUES IMPACTING ENTITY SELECTION
   11:00 - 12:00, Daniel P. Cahalan
1. Analyzing Financing Concerns: The Question of Debt
2. Factoring in Equity
3. Using New Hybrid Alternatives
4. Liability and Operational Implications
5. What Does Management Style Have to Do With It?
6. Handling Dissolution, Conversions, Mergers and Buyouts
7. Operational Issues Your Client Needs to Plan For
4. TAX ASPECTS TO CONSIDER IN ENTITY SELECTION AND FORMATION
   1:00 - 2:30, Norm Williamson
1. Knowledgeably Advise Your Client on Taxation Options
2. Comparison of Tax Advantages, Disadvantages and Consequence Amongst Entities
3. How Taxes are Handled for Single-Member LLCs
4. Dealing With Tax-Exempt Organizations
5. “Check the Box” Income Tax Regulations
6. Local and State Tax Considerations
5. DRAFTING ENTITY FORMATION DOCUMENTS
   2:45 - 3:40, Daniel P. Cahalan
1. Identifying Required Documents
2. Drafting Essentials
3. Sample Formation Documents and Forms
6. BUILDING AN ETHICAL FOUNDATION
   3:40 - 4:40, Daniel P. Cahalan
1. The Role of the Attorney as Advisor in Entity Formation
2. Conflicts of Interest: Who is the Client?
3. The Importance of Confidentiality
4. Adequacy of Fees and Charges
5. Civil Liability

DANIEL P. CAHALAN is an attorney in the law firm of Bjornson Law Offices, P.C., where he specializes in real estate transactions, business transactions, business organizations, contracts, Internet commerce, and trademark and copyright law. Mr. Cahalan attended the Universitat Munchen (Munich) on a Rotary Fellowship, receiving his Masters in International Business from the American Graduate School in International Management (Thunderbird) in 1982. He worked as a commodities trader for Continental Grain until moving to Missoula. Mr. Cahalan started teaching in the Business School at the University of Montana in 1989 and was voted the "Most Inspirational Professor" on Campus in 1993. While continuing to teach, he attended the University of Montana, School of Law, receiving his juris doctorate in 1996. After becoming a member of the Montana Bar Association, he continued to teach business law in the Business School, insurance law for Connole-Morton, and various liability and employment law courses as continuing education for CPA's with Western CPE of Bozeman. His entrepreneurial interests led him to start a successful real estate development business and an IT support business.

MICHAEL A. MONSON is an attorney in the law firm of Holland & Hart LLP, where he is a member of the firm's business group. Mr. Monson represents clients in an array of business transactions, commercial finance matters, and entity formations, including LLC's, partnerships, and corporations. His practice also includes tax and estate planning matters. Mr. Monson has an accounting background, as well. He is a Certified Public Accountant with a nonactive license. He received his B.S. degree, summa cum laude, from Montana State University and his J.D. degree from the University of Montana School of Law. He is a member of the American, Montana, and Yellowstone County bar associations.

NORM WILLIAMSON is a CPA, CFP ® and shareholder at Anderson ZurMuehlen & Co., P.C. He focuses his practice in tax planning, tax preparation, consulting, and financial planning for individuals. Mr. Williamson consults with a number of small business clients and advises them on entity selection. He received his Bachelor of Business Administration degree from the University of Georgia and a Masters degree in accounting and tax from Gonzaga University. He has been involved in his areas of practice since 1998. Mr. Williamson is very involved in his community. He is a member of the local chapter of the Montana Society of CPAs and currently serves as a board member to several local organizations. He has spoken to numerous community and civic groups on tax and planning issues.

Please refer to Continuing Education Credit FAQ for general information about seeking credit for your participation in one of our continuing education programs.

Additionally, our team of credit specialists are here to answer your specific credit-related questions weekdays 7am - 5pm Central:

Phone: 866-240-1890

Email: credit@nbi-sems.com