After reading the materials, participants will be able to:
1. Distinguish between the various types of corporations, clarify S corpora-tion rules and their tax advantages and disadvantages, contrast the advan-tages and disadvantages of corporations relative to other types of entities, and explain how leasebacks to corporations work;
2. Differentiate between the types of joint ownership, describe how to use the benefits of partnerships, trusts and limited liability companies to hold property;
3. List the various retirement plans and how they can be used to provide substantial lifetime benefits to a business owner and to employees.