TX 918 Life Cycle of a Business Venture

Mr. Wry

The federal income tax laws significantly affect the way a business venture proceeds through the various stages of its life cycle. This course will explore the federal income tax aspects of:

1. choosing the proper form of entity (typically, C corporation, S corporation or LLC) to carry on a business
2. forming the entity that will carry on the business and issuing equity interests (and rights to acquire equity interests) in the entity to founders and other service providers
3. financing the entity with debt and equity
4. reporting the results of the entity's operations
5. purchasing and leasing assets
6. buying out owners
7. selling the business

Co- and prerequisites: Federal Income Taxation I, Federal Income Taxation II, Introduction to Corporate Tax and Partnership Tax I.