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Choosing or Changing A Business Entity - Temecula Valley Chapter In-Person Meeting
Richies Real American Diner
40651 Murrieta Hot Springs Rd
Murrieta, CA 92562
Wednesday, August 10, 2022, 5:30 PM - 8:00 PM PDT
Category: Chapter Meetings

Choosing or Changing A Business Entity
Temecula Valley Chapter In-Person Meeting

Date and Time:

Wednesday, August 10, 2022
5:30 PM to 8:00 PM

Location:

Richie's Real American Diner
40651 Murrieta Hot Springs Rd
Murrieta, CA 92562

Topic:

Entity selection can be a critical decision for businesses. In this class we’ll contrast the basic business entities – Sole Proprietorships, General Partnerships, LLCs, C Corporations, and S Corporations – by looking at filing requirements, liability and taxes. We’ll examine the advantages and disadvantages of each entity and identify favorable entity choices for different situations.Then we’ll look at how, and if, an entity can change its selection and become a different entity. We’ll compare the different entities in dissolution, and consider the tax effects of each. Finally, we’ll identify which changes can be made by each entity, summarized in a simple chart.

Presenter:

Linda Dong, EA, ABA
Linda Dong graduated with honors from the University of Illinois in Chicago with a degree in Accounting. She went to work for the IRS, where she received a very thorough training in taxes and began auditing corporations. Not liking the adversarial relationship inherent in tax audits, Linda left the IRS and started a tax and accounting practice from her home. She grew her practice to include four employees, but eventually downsized and is now once again a sole practitioner working out of her home office. She provides tax and accounting services to individuals, small businesses, and nonprofit organizations.Linda has been an Enrolled Agent (EA) since 1982. Her credentials from the Accreditation Council of Accountancy and Taxation include Accredited Business Accountant (ABA) and Accredited Tax Advisor (ATA). She is a QuickBooks ProAdvisor and frequently teaches classes in accounting and tax to other professionals. Linda is currently serving as President of the California Society of Tax Consultants and Secretary-Treasurer of the Wine Country Chapter.

CPE Information:

2 Federal Law hours (Topics covering existing tax law)

IRS: 18QC1-T-01690-22-I
CTEC: 1000-CE-5100

Knowledge Level: Basic (No prior knowledge expected)

Registration:

Members: $32
Non-Members: $62

Please call or email Alice Perez to register:

email: [email protected]
phone: 951-674-8111

Please include your PTIN and EA or CTEC numbers when registering.


This presentation has been designed to meet the requirements of the Return Preparer Office, the California State Board of Accountancy; and the California Tax Education Council including code 31 of Federal Regulations10.6 (g). This does not constitute an endorsement by these groups. A listing of additional requirements to renew tax preparer registration may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA. 95812- 2890, or phone CTEC at (877) 850-2832, or on the Internet at www.ctec.org.


Contact: Please call or email Alice Perez to register:
 email: [email protected] phone: 951-674-8111