After completing this course, the learner should be able to:
- Identify and define the characteristics of a general partnership and a limited partnership, partner rights, the assigning of a partnership interest, and dissociation and dissolution.
- Identify the characteristics of a limited liability company, member rights, choice of entity considerations, and liquidation considerations.
- Define why limited liability partnerships have emerged and their available legal protection.
- Recognize the differences between an S corporation vs. limited partnership, limited liability partnership, and limited liability companies.
- Define the tax consequences associated with the formation, operation, income distribution, and liquidation of a partnership.
Stan earned his bachelor’s degree in Business Administration from California State University, Northridge in 1980. He now runs a two-office tax, accounting and consulting practice in Oakland and San Francisco, California. The practice focuses on high net worth individuals and small businesses, providing quality, personalized financial and tax guidance. Stan has taught continuing education courses to practitioners throughout the country on a regular basis for over 10 years. Stan has been a regular guest on a local radio talk show discussing taxes and has been quoted several times in local papers. He previously taught accounting courses in junior colleges in Southern California.
Becker Professional Education Sponsor I.D. Numbers NASBA: 107294, New York: 002087, New Jersey: 20CE00226700, Texas: 009580, Ohio: CPE.186, Illinois 158.002405, Pennsylvania: PX177823