$219.00
Gain the tools needed to avoid costly mistakes and potential legal issues during dissolution.This presentation provides key insights into the legal and tax aspects of dissolving a corporation or partnership. It covers everything from filing dissolution papers to asset distribution. By attending, you’ll acquire the necessary tools to avoid costly mistakes and potential legal issues during dissolution.
Date: 2023-08-30 Start Time: End Time:
Learning Objectives
Introduction
• Overview
• Brief Introduction to Business Dissolution
Filing the Certificate of Dissolution
• Definition and Purpose of the Certificate of Dissolution
• Steps Involved in Filing the Certificate of Dissolution
• State-Specific Requirements for Dissolution
Filing of Tax Forms
• Understanding the Final Tax Return
• Other Relevant Tax Forms and Their Handling
• Handling of State Taxes During Dissolution
Notifying Creditors and Settling Claims
• Procedures for Notifying Creditors
• Evaluation of Claims and Resolving Disputes
• Legal Requirements and Potential Liabilities in Settling Claims
Distributing Assets
• Proper Procedures for Asset Distribution
• Tax Considerations During Asset Distribution
• Legal Implications and Potential Pitfalls During Asset Distribution
Other Considerations
• Legal Obligations and Liabilities Post-Dissolution
• Potential Tax Implications After Dissolution
• The Impact of Dissolution on Employees, Stakeholders, and the Community
Questions and Answers Session
AIPB ,Additional credit may be available upon request. Contact Lorman at 866-352-9540 for further information.
Alex Oware, CPA-O & G Tax and Accounting Services, LLC
$219.00
Gain a better understanding of dissolving and winding up a business entity.Gain a better understanding of dissolving and winding up a business entity. Whether through the decision of the owners or outside forces, business ventures coming to an end can impose liability and tax implications on managers and equity owners. This topic will explain the process and implications of dissolving and winding up corporations, LLCs, and other types of entities. We will place particular emphasis on California and Delaware, though much of the material will be relevant to all states.
Date: 2020-01-30 Start Time: End Time:
Learning Objectives
Process Overview
• Reasons for Dissolving
• Triggering Events
• Planning Ahead
• Alternatives to Dissolution
Steps for Dissolving Corporations, Llcs, Nonprofit Corporations, and Other Entities
• Differences in Process Among Various Types of Entities
• Documentation
• Filings With State
Winding up
• Notices
• Addressing Liabilities
• Distributing Assets
Tax Implications
• Single or Double Layers of Taxation
• Alternative Tax Strategies
No Credit Available
Justin Borrowdale-Weintraub Tobin, Andrew D. McCarthy – Weintraub Tobin