Entity Selection, Structural Techniques, IRC § 280E Implications, Recordkeeping, Audits and More
Advising a business that technically traffics in controlled substances can get pretty complicated from a tax and business planning perspective. You can't deduct anything apart from costs of goods sold, which has big implications for ongoing operations and entity selection. And if there's one industry where asset protection is a priority, you've found it. This course will focus on business and tax planning techniques for marijuana-related businesses. Discover tactics that work, red herrings that don't and get practical tips to protect your clients - register today!
Clarify the implications of Internal Revenue Code § 280E case law on tax planning, accounting and entity selection.
Get practical strategies for recordkeeping, audit defense and overcoming state taxation challenges.
Identify asset protection and business structuring techniques in the cannabis industry.
This course is part of the Rhode Island Marijuana Business Law 2021: An Online Seminar Series series.
Continuing Legal Education RI CLE
- 2.00Approval Exp. 6/30/2022
NBI is an accredited sponsor with the Rhode Island MCLE Commission. This program is approved for 2.0 hours of CLE video replay credit in Rhode Island, including 0.0 of ethics. No more than 6.0 hours of online credit may be earned during a reporting period.
MEGAN E. SHEEHAN is an attorney with the law firm of Sheehan & Associates. Ms. Sheehan practices in the areas of small business contracts, leases and structure, cannabis business, estate planning, real estate and civil litigation. She received her Bachelor's degree from Macalester College and her J.D. degree from Vermont Law School. Ms. Sheehan is licensed to practice in Massachusetts and Rhode Island, and primarily practices in the Barrington office.
We use this information in order to improve and customize your browsing experience,
in addition to improving our internal analytics and metrics about our visitors.