May 7, 2013
12:00 – 1:00 p.m.
1.00 MCLE hours
(map and directions)
Choice of entity for service-based businesses, particularly for professional services entities like law, medical and dental practices, are significantly different than for businesses that produce or market tangible goods. Service-based businesses have regulatory and liability risks that are different than companies that produce goods. They also generate income that may be treated differently for federal tax purposes, including application of the new Medicare tax under health care reform. Furthermore, the management and ownership of service-based businesses, and the way they are financed indicate different entity selections than for goods-based companies. This program will provide you with a sophisticated guide through the legal, practical and tax-based considerations of choosing an entity for a service-based entity, with an emphasis on professional practices.
Alson R. Martin, Lathrop and Gage, LLP, Kansas