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2000 Choosing the Right Business Entity: Tax Practitioner's Guide

Bischoff CPA MBA, William R

 
9780156071123: 2000 Choosing the Right Business Entity: Tax Practitioner's Guide

Synopsis

This guide conveys contemporary and practical guidance on choice-of-entity issues.

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About the Author

Bischoff is the president of Practical Knowledge, Inc., and a licensed CPA with 18 years of practice experience. He received his BA from UCLA and his MBA from Santa Clara University.

Excerpt. © Reprinted by permission. All rights reserved.

In almost all cases involving significant business or investment activities, the owners will have a very strong interest in structuring deals so as to limit their personal exposure to liabilities related to the activity. Most owners understand that their investment in the activity will always be "at risk," but they cannot accept having their other personal assets put at risk because of their involvement. Given today's litigious environment, limiting owner liability should be the most critical issue in selecting the appropriate entity to use in conducting business or investment activities. That is the focus of this chapter.

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