Mr. Siegel, President of The Siegel Group, a national consulting firm based in Morristown, NJ, covers these important topics:

ü Consider Basic Ownership Issues, Objectives And Goals

ü Types Of Entities To Be Considered

• sole proprietorship • general and limited partnerships

• limited liability company • C and S corporations

ü Ownership Issues: Who Can Be The Owners Of The Available Entities?

ü Liability Issues: General Or Limited

ü Management And Control Issues: Who Is In Charge?

ü General Considerations: Simplicity, Formality And Cost

ü Formation Of The Entity

• required formalities

• tax issues relating to formation

• tax treatment of formation expenses

• choice of accounting period and method of accounting

• determining capital structure

ü Operation Of The Entity: Tax Considerations

• sole proprietorships • partnerships

• limited liability companies • C and S corporations

ü Disposition Of The Business Interest

• disposing of a proprietorship interest

• disposing and/or liquidation of a partnership interest

• non-liquidating distributions of partnership property

• disposing of a corporate business

ü Switching From One Business Entity To Another

• incorporation of an existing partnership or LLC

• converting a corporation to a partnership

• converting a C corporation to an S corporation and vice versa

• converting a partnership to an LLC

• conversion of general partnership interests to a limited and vice versa

• converting a single member LLC to a multi-member LLC

ü BONUS: The course book includes two Sample FORMS:

• LLC Operating Agreement

• Family Limited Partnership Agreement